L&T Finance sells Rs 3463 crore NPAs to Phoenix ARC

L&T Fin sells loan portfolio for Rs 1120 crore under the conventional 15:85 structure. Warasgaon Power, Warasgaon Assets Maintenance, MEP Infrastructure, Supreme Panvel Indapur Tollways, SEW Infrastructure, Supertech Infrastructure, Brassco Engineering Ltd and EMTA Coal are among the 36 accounts sold to Phoenix ARC.

from Banking/Finance-Industry-Economic Times https://ift.tt/oNMLQlO