Arcil acquires 26% equity in Jaiswal Neco unit

Asset Reconstruction Company of India Limited (Arquil) has acquired 26% equity in NSSL Pvt. Ltd., an unlisted subsidiary of the group, as a part of its broader strategy to revive the distressed company outside the Insolvency and Bankruptcy Code, people aware of the development said. Avenue Capital-backed Archil has provided Rs 90-95 crore to NSSL … Read more