According to persons involved in the acquisition of stressed loans, SBI circulate the list to ARCs seeking preliminary interest in July.
The financial assistance worth Rs 9,120 crore was signed between Apraava Energy and REC Ltd and PFC.
According to the company, all Xstream AirFiber devices would be developed in India.
Nearly 80% of the incremental loan demand is coming from the private sector.
In conversation with Sheetal Agarwal of IIFL, management of the company discusses the company’s future plans.
Recommendation: Add; Target price: Rs 2135
Zomato reported a net profit of Rs 2 crore in Q1.
EBITDA for the quarter was Rs 190 crore in Q1FY24, up 10% y-o-y.
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