Mon, Jul 02, 2018
The ARCs gave additional priority loan of Rs 70 crore to complete the project. This helped get an investor, signifying the importance of successful timely intervention that put a distressed asset back on the track. Siby Antony, executive chairman at Edelweiss ARC, said, “This a successful case where the 15:85 scheme worked and where both banks and ARCs will benefit.
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