Total bank loans to the company is ₹1,800 crore.If accepted, it will result in a recovery of around 20 per cent for the lenders, who will then take a haircut of 80 per cent.The NARCL offer is on a 15 per cent cash consideration and the balance 85 per cent in security basis.Meanwhile, NARCL is also expecting decent recovery from the asset, sources said.The offer from the stateowned asset reconstruction company is still being considered by the banks in the consortium.Among the 11 lenders, IOB has the highest exposure of ₹710 crore, followed by Punjab National Bank with ₹331.30 crore, Union Bank of India with ₹169.11 crore, Bank of India with ₹150.28 crore, and UCO Bank with ₹122.79 crore.Other lenders in the consortium include Canara Bank, State Bank of India, Central Bank of India, Bank of Baroda, Indian Bank, and IDBI Bank.Agson Global, a manufacturer in the field of aroma ingredients, is currently undergoing insolvency proceedings, prompted by an insolvency application from the erstwhile Allahabad Bank (now Indian Bank).

NARCL offers ₹360 cr for Agson's debt dues

523.35,1727.83,470.80,119.37,2020.00,3101.00

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is the World's largest and fastest growing self-service, cross-platform digital newsstand with over 87 million users since its inception in 2011 and thousands of magazines and newspapers across 40+ categories and 60+ languages. Headquartered in New York, Magzter has its local presence in Amsterdam, London, Mexico City, Chennai, Mumbai, New Delhi, Bengaluru, Singapore, and will soon be expanding to other countries. Founded by global entrepreneurs, Girish Ramdas and Vijay Radhakrishnan in June 2011, Magzter enables magazine and newspaper publishers around the world to create and deliver digital editions of their titles to global consumers.

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{{magzter}} is the World's largest and fastest growing self-service, cross-platform digital newsstand with over 87 million users since its inception in 2011 and thousands of magazines and newspapers across 40+ categories and 60+ languages. Headquartered in New York, Magzter has its local presence in Amsterdam, London, Mexico City, Chennai, Mumbai, New Delhi, Bengaluru, Singapore, and will soon be expanding to other countries. Founded by global entrepreneurs, Girish Ramdas and Vijay Radhakrishnan in June 2011, Magzter enables magazine and newspaper publishers around the world to create and deliver digital editions of their titles to global consumers.