Rathi Steel and Power Limited's Odisha Unit assets sold by ARC

M/s Assets Care & Reconstruction Enterprise Ltd (A RBI registered Asset Reconstruction company to whom majority of company's debts have been assigned) have announced the sale of company's mortgaged assets (Land, Building and Structures, Immovable Plant & Machinery, Furniture and Fittings etc.) at Odisha unit. The buyer M/s BR Steel and Power Pvt, Limited, does not belong to promoter / promoter group / group companies.

The consideration of Rs.90.00 Crores received from the sale/disposal will be appropriated towards outstanding debts of the Company.

Source : Equity Bulls

Keywords

RathiSteelandPower AssetSale OdishaUnit ARC