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Omkara AMC acquires ₹750-cr stressed assets
Financial Express Chennai
|December 31, 2024
OMKARA ASSET RECONSTRUCTION Company, which has gross assets under management (AUM) of nearly ₹16,000 crore, has acquired stressed assets worth ₹750 crore from two entities, comprising a total of over 4,000 retail accounts.
With ₹2,000 crore in stressed assets already acquired during the current fiscal, Omkara expects to surpass its annual target of acquiring ₹4,000 crore non-performing assets (NPAs) by the end of March.
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