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    Cashfree Payments and Shopify partner to introduce onsite payments for Indian merchants

    Balancehero India appoints Jayesh Jain as Group CFO

    Balancehero India appoints Jayesh Jain as Group CFO

    Driving digital lending: UPI’s key role

    Driving digital lending: UPI’s key role

    CredAble expands its wings to eight new regions

    CredAble expands its wings to eight new regions

    MobiKwik’s ‘Lens’  feature to improve financial wellness

    MobiKwik’s ‘Lens’  feature to improve financial wellness

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    Bajaj Allianz General Insurance inaugurates new office in Tezpur

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    Government amends interest rates for small saving schemes for Q3

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    Aviva India gets Gyanendra Singh as new CTO

    Cognizant names Jatin Dalal as new CFO

    Cognizant names Jatin Dalal as new CFO

    Yes Bank appoints Pankaj Sharma as Chief Strategy and Transformation Officer

    Yes Bank appoints Manish Jain as Country Head – Wholesale Banking

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    Digitally-skilled youth can harness potential of technology, says Education Minister

    Digitally-skilled youth can harness potential of technology, says Education Minister

    Aditya Birla Sun Life Insurance and Artivatic.ai launch AI-based smart underwriting platform

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    IIM Sirmaur organizes Alumni Chapter Meet in Mumbai

    IIM Sirmaur organizes Alumni Chapter Meet in Mumbai

    Delhi University starts MBA in AI & machine learning, gets 600 applications for 60 seats

    Delhi University starts MBA in AI & machine learning, gets 600 applications for 60 seats

    IIM Sirmaur and NSE Academy Collaborate for Joint Certification Programmes

    IIM Sirmaur and NSE Academy Collaborate for Joint Certification Programmes

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    IIM Sirmaur Celebrates the Success of its First Chapter Meet at India Habitat Center, New Delhi

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    Cognizant names Jatin Dalal as new CFO

    Cashfree Payments and Shopify partner to introduce onsite payments for Indian merchants

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    SBI sees 14%-15% corporate credit growth in FY23

    SBI seeks buyers for its Rs 96,000 crore distressed loans

    Reliance General Insurance to get Rs 200 cr capital infusion from Reliance Capital

    Reliance General Insurance gets Rs 200 cr capital infusion from parent

    Bank of Baroda says reduced exposure to Adani Group in two years, no concern on asset quality

    Bank of Baroda, DBS Bank and Karur Vysya Bank likely to sell their cumulative stake of just over 30% to Canara Bank

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    RBI permits banks to open vostro accounts from 22 countries for trade in rupee

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    Kenko Health launches ‘Kenko Pay’

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    India’s digital startup ecosystem a catalyst for global healthcare transformation, says Piyush Goyal

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    Cosmo and Glenmark sign distribution and licence agreements for Winlevi in Europe and South Africa

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    Transcell and Quantiphi develop Digital Animal Replacement Technology

    Transcell and Quantiphi develop Digital Animal Replacement Technology

    Lincoln Pharmaceuticals Reports Net Profit of Rs. 19.01 crore in Q1 FY24

    Lincoln Pharmaceuticals Reports Net Profit of Rs. 19.01 crore in Q1 FY24

    First Indian intranasal Covid vaccine to be launched on Republic Day

    First Indian intranasal Covid vaccine to be launched on Republic Day

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    Cognizant names Jatin Dalal as new CFO

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    Digitally-skilled youth can harness potential of technology, says Education Minister

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    Kenko Health launches ‘Kenko Pay’

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    “CERT reported over 17,000 cyberattacks on Indian banking and finance sector in 2022”

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Home Enterprise

L&T Finance invites bids for ₹880-cr Xrbia loans

Prashant Dwivedi by Prashant Dwivedi
March 14, 2023
in BFSI, Enterprise
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L&T Finance invites bids for ₹880-cr Xrbia loans
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L&T Finance is seeking buyers for a distressed real estate portfolio comprising loans given to Pune-based Xrbia Group, said two people aware of the development.

The company has invited offers for a loan book of ₹880 crore given to five Xrbia Group companies, the people said.

The five accounts comprise Xrbia Developers with a debt of ₹435 crore, Xrbia Chakan Developers with ₹164 crore, Xrbia Warai Developers with ₹156 crore, Xrbia Ambience Realty LLP with ₹107 crore and Eiffel Lifespaces with ₹18 crore debt. L&T Finance has invited offers under the 15:85 structure, which involves 15% of the consideration as cash and the remaining 85% as security receipts (SR) payable on recovery of the loans from the borrower.

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Source: Economic Times
Tags: bfsiL&T FinanceLoansXrbia Group
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RBI Deputy Governor meets Directors heading Customer Service Committees of the Board and Heads of Customer Service Verticals of Banks and REs

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