The latest announcement is out from Arman Financial Services Limited ( (IN:ARMANFIN) ).
Arman Financial Services Limited announced that its subsidiary, Namra Finance Limited, has approved the sale of a portfolio of unsecured stressed microfinance loans to an Asset Reconstruction Company. The transaction, involving loans with an outstanding value of ₹185.98 Crore, was executed using the Swiss Challenge Method for a consideration of ₹36.75 Crore, potentially improving the company’s financial health and market positioning.
More about Arman Financial Services Limited
Arman Financial Services Limited operates in the financial services industry, focusing on microfinance and related financial products. The company is known for its involvement in providing financial solutions and services, particularly through its subsidiary Namra Finance Limited.
YTD Price Performance: -1.95%
Average Trading Volume: 5,840
Current Market Cap: 13.32B INR
Learn more about ARMANFIN stock on TipRanks’ Stock Analysis page.