US EditionESAF Small Finance Shares Rise Over 11% On Nod To Sell Rs 735-Crore Bad Loan
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ESAF Small Finance Shares Rise Over 11% On Nod To Sell Rs 735-Crore Bad Loan
Shares of ESAF Small Finance Bank Ltd. rose over 11% on Thursday after its board of directors approved the sale bad loans worth Rs 735 crore. In addition, the shares were trading at a high volume.The Thrissur-based company has written off loans worth Rs 735.18 crore to an asset reconstruction company, according to an exchange filing on Wednesday. The loan pool consists of Rs 362.43 crore in NPAs and Rs 372.75 crore in technically written-off acc…
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