The NARCL has been successful in the acquisition of just six companies since its inception in January 2022 to house banking-sector advances that had converted into bad loans, , NARCL, IDRCL, Bad Banks
The NARCL has concluded the acquisition of just six companies since it started operations in January 2022 to house banking-sector advances that had gone sour. Dharani Sugars and SPML Infra and Parenteral Drugs were acquired by the bad bank in this financial year, following Jaypee Infratech, SSA International and Helios Photovoltaic that were acquired last fiscal.