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Jayaswal Neco Industries update on debt assignment to ARC

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Jayaswal Neco Industries announced that the company has been intimated by Oriental Bank of Commerce that it has assigned its Debt of the Company to Assets Care & Reconstruction Enterprise.

With this Debt assignment (together with earlier six Debt assignments already intimated to the Stock Exchanges),Assets Care & Reconstruction Enterprise has acquired around 91.65% of the Principal Outstanding debt as on date of the Company.

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First Published: Mar 20 2019 | 4:41 PM IST

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