Muthoot Capital Services Limited Receives Bids for Sale of Stressed Loan Portfolio
Muthoot Capital Services Limited (MCSL) has secured binding bids from an Asset Reconstruction Company in connection with the transfer of a stressed loan portfolio, consisting of financial assets. The transaction is being executed following the approval of the company's Board of Directors.The bidding process involves transferring a substantial portion of MCSL’s distressed assets. The potential bid amount for the stressed loan portfolio stands up to Rs. 96 Crores, and the total Principal Outstanding against these assets amounts up to Rs. 209.10 Crores.
MCSL confirmed that the company will adopt the Swiss Challenge Method for any subsequent bidding rounds related to these assets. A final decision regarding the sale of the portfolio will be taken based on extant guidelines and the relevant policies established by the company.
MUTHOOTCAP Stock Price Movement
Closing gains helped Muthoot Capital Services Limited settle today, with shares trading up 0.99% to reach ₹207.02. The stock moved within a daily range of ₹201.62 to ₹208.00, recording total traded volume of 18,685 shares.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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