NARCL acquires Entertainment City’s Rs 1,000 crore debt for Rs 711 crore

NARCL steps in to resolve Entertainment City debt  
NARCL has successfully taken over the debt of Entertainment City, a leisure and retail project, through a discounted acquisition valued at Rs 711 crore against an outstanding exposure of Rs 1,000 crore. The deal was finalized after Punjab National Bank, the lead creditor, approved the resolution plan.  

This acquisition is part of NARCL’s broader mandate to aggregate and resolve stressed assets across the banking system. By transferring the debt into the ARC-AMC framework, lenders aim to accelerate recovery and unlock value through restructuring or asset sales. The move highlights the government-backed bad bank’s growing role in addressing large-scale NPAs.  

Major takeaways  

• NARCL acquires Rs 1,000 crore debt of Entertainment City for Rs 711 crore  
• Punjab National Bank accepted the offer, enabling resolution  
• Debt now part of ARC-AMC framework for recovery optimization  
• Transaction underscores NARCL’s role in tackling stressed assets  
   

Sources: The Economic Times, Business Standard, Mint