Informative

NARCL Offers Rs 474 Crore to Take Over Debt of Gayatri Projects Amid Ongoing Lender Talks

Update / Judgement Date

23 Aug 2024

Source

Share Price India

Author

Team — WCP Legal Desk

Reading Time

1 min read

Financial ManagementInsolvency & Bankruptcy Code

The National Asset Reconstruction Company Ltd (NARCL) has proposed a Rs 474 crore offer to take over Gayatri Projects' debt amid ongoing discussions with lenders. The offer is part of NARCL’s strategy to manage and resolve distressed assets, contributing to financial stability.

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NARCL Offers Rs 474 Crore to Take Over Debt of Gayatri Projects Amid Ongoing Lender Talks

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