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Kotak Bank: Kotak Bank-backed ARC acquires Rs 1,470-cr loan portfolio from L&T Finance

Mumbai: Bank-backed Phoenix Asset Reconstruction Company (ARC) has acquired a distressed loan portfolio of ₹1,470 crore from L&T Finance, including two stuck advances to Future Group entities, two people aware of the development told ET. The Future Group companies are Precision Realty Developers and Future . L&T Finance sold the […]

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