Omkara ARC buys Joyous’ Rs 784-crore PNB Housing loan
Mumbai: Omkara ARC has acquired ₹784-crore loan outstanding from PNB Housing Finance of Joyous Housing Limited. The transaction happened at par and helped the mortgage lender in resolving a significant non-performing asset. Omkara ARC bought the account in an all-cash deal, said two people aware of the development. PNB Housing Finance had announced the successful … Read more