National Asset Reconstruction Company Limited has offered to acquire loan accounts of five companies from Future Retail Limited (NSEI:FRETAIL) and GTL Limited (BSE:500160) on August 19, 2022. The bad bank's offers include 15 per cent of the consideration in cash, while the remaining 85 per cent would be in the form of security receipts. NARCL will come up with a binding offer only after it gets written consent from the lenders.
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- National Asset Reconstruction Company Limited has offered to acquire loan accounts of five companies from Future Retail Limited and GTL Limited.