Private asset reconstruction companies (ARCs) in India are now on an equal footing with the government-owned bad bank NARCL. This comes after private ARCs sought clarification on how to compute the net present value (NPV) based on the initial bid of ₹235.9 crore in the Dharani Sugars case. Banks responded by stating that the comparison value remains ₹235.9 crore, regardless of the payment structure. This allows private ARCs to value their bid at ₹235.9 crore on an all-cash basis or ₹331 crore using a cash to security receipt structure.
Global Health Q2 Results: Medanta operator posts 5% rise in net profit YoY at Rs 131 crore
Global Health, which operates hospitals under the Medanta brand, on Thursday said its profit after tax increased 5 per cent to Rs 131 crore in
November 14, 2024