CFM ARC wins bid for PNB's Gammon debt at 73% haircut

CFM ARC wins bid for PNB's Gammon debt at 73% haircut

CFM Asset Reconstruction Company has acquired Punjab National Bank's ₹514 crore loan to Gammon India for ₹140 crore. This acquisition gives CFM control over a significant portion of Gammon's legacy non-performing asset, primarily targeting its real estate ass…

Mumbai: CFM Asset Reconstruction Company has won the bid to acquire the '514 crore loan that Punjab National Bank had extended to Gammon India, people aware of the matter said.No other bidders submit… [+1703 chars]

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CFM ARC wins bid for PNB's Gammon debt at 73% haircut - FHMnews