Arman Financial Services Offloads ₹1.86 Billion Stressed Loans in Strategic Move

Arman Financial Services Ltd has announced a significant financial maneuver through its subsidiary, Namra Finance. The company has approved the sale of a stressed loan portfolio worth ₹1.86 billion for ₹367.5 million. This strategic decision comes as part of Arman's efforts to clean up its balance sheet and improve overall financial health. The move follows a recent approval by the Finance & Investment Committee of Namra Finance to sell non-performing assets (NPAs) and written-off loans to an Asset Reconstruction Company (ARC). This latest transaction represents a substantial portion of Arman's stressed assets, potentially allowing the company to focus on core lending activities and strengthen its financial position in the competitive NBFC sector.

 

Source: MarketScreener