Arshiya International's lenders have begun to offload the loan to asset reconstruction companies (ARCs) after a failed attempt to revive the company with corporate debt restructuring (CDR).
Sources say the company has Rs 3,000-crore exposure to banks. Edelweiss ARC has bought Rs 1,200 crore loan from State Bank of Mysore (SBM), State Bank of Travancore (SBT) and State Bank of Hyderabad (SBH).
Sources also add OBC, Axis Bank, PNB and UCO Bank too have exposure to company.
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