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ICICI Bank seeks EoIs from ARCs for Rs 338 crore exposure to Soma Infrastructure: Report

20 Oct 2021 Evaluate

ICICI Bank has reportedly sought buyers for Rs 338 crore exposure to Soma Infrastructure. The Bank has reportedly sought expressions of interest (EoIs) from asset reconstruction companies (ARCs) for its Rs 338 crore exposure to Soma Infrastructure which owes ICICI Bank over Rs 149 crore in principal dues, and another Rs 189 crore in accrued interest and other charges. The asset is being offered on a full-cash basis.

ICICI Bank is a leading private sector bank in India.

Peers
Company Name CMP
HDFC Bank 692.30
ICICI Bank 1394.00
Axis Bank 1214.70
Kotak Mahindra Bank 461.00
Indusind Bank 840.00
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