Hotline: 1800 102 2007
Search Business Opportunities
Jun, 27 2014

Leela Group to offload loans

Worth Rs 4,000 crore.

Lenders of the Leela Group of hotels have decided to offload loans to Asset Reconstruction Companies (ARCs). The bank is planning to offload a loan worth Rs 4,000 crore in a move to reduce pressure from big-ticket bad loans on the lenders' balance sheets.

According to an ARC executive, “The aim was to conclude the process this month, as banks wanted to get the asset off their books in quarter of this financial year. All lenders to the hospitality company had agreed State Bank of India (SBI), one of the lenders would offload loans to ARCs. Lenders to the company include Bank of India, SBI's associate banks and Export and Import Bank of India.

ARCs bid for the loans included JM Financial Asset Reconstruction Company and Edelweiss.

Related opportunities
  • Bakery & Confectionary
    About Us:  In 2015, started by Mr. Manu Ranganathan with a..
    Locations looking for expansion Tamil nadu
    Establishment year 2015
    Franchising Launch Date 2017
    Investment size Rs. 10lac - 20lac
    Space required 200
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Chennai Tamil nadu
  • Payment Solution services
    About Us: Mswipe Technologies Private Limited is engaged in the business..
    Locations looking for expansion Maharashtra
    Establishment year 2011
    Franchising Launch Date 2017
    Investment size
    Space required -NA-
    Franchise Outlets -NA-
    Franchise Type -NA-
    Headquater Mumbai Maharashtra
  • Juices / Smoothies / Dairy parlors
    About Us: MilkyWay, a venture of Chanda Softy Ice Creams, started..
    Locations looking for expansion Hydrabad
    Establishment year 1994
    Franchising Launch Date 2018
    Investment size Rs. 10lac - 20lac
    Space required 180
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater hyderabad Hydrabad
  • Car wash / Ceramic Coating / Detailing
    Start your own express car wash franchise business and be..
    Locations looking for expansion Uttar Pardesh
    Establishment year 1987
    Franchising Launch Date 2010
    Investment size Rs. 10lac - 20lac
    Space required 1000
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater Gautam Buddha Nagar Uttar Pardesh
Insta-Subscribe to
The Franchising World
For hassle free instant subscription, just give your number and email id and our customer care agent will get in touch with you
OR Click here to Subscribe Online
Daily Updates
Submit your email address to receive the latest updates on news & host of opportunities