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Admin Reporter- Pooja

Jun 27 2019


JM Financial ARC says acquired Unitech's loan in 2016; no new debt taken over

Thursday, 27 June 2019

Asset restructuring firm JM Financial ARC said it had taken over Unitech's loan from a financial institution in November 2016 and no new debt of the realty firm has been acquired thereafter by it.

 

 

The company disbursed some funds over a period of time to help Unitech restart/complete certain projects, JM Financial ARC said in a statement.

 

 

"JM Financial ARC had taken over debts pertaining to Unitech Group from a financial institution in November 2016. 

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