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NARCL pegs its funding requirement at Rs 6,000 crore: Details here

The capital funding structure would follow a debt and equity ratio of 1:1, according to the proposal

NARCL
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Illustration: Ajay Mohanty

Shreya JaiNikunj Ohri New Delhi
The National Asset Reconstruction Company (NARCL) has pegged its total capital requirement at Rs 6,000 crore. The banks and financial institutions who would be shareholders in the new ARC have been requested to participate in both equity and debt requirements of Rs 6,000 crore, according to a proposal shared with investors.
 
The capital funding structure would follow a debt and equity ratio of 1:1, according to the proposal, reviewed by Business Standard. This is proposed to be raised from the asset reconstruction company’s (ARC) investors. The equity shareholders of NARCL would have to mandatorily subscribe to debt in identical

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First Published: Jun 23 2021 | 6:10 AM IST

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