CFM ARC offers to buy Rs 580cr debt of harbour heights at 34% discount

The Harbour Heights project, a joint venture between Radius Group and Sumer BuildCorp, has a total debt exposure of around ₹580 crore. CFM ARC has proposed a bid of ₹386 crore to Standard Chartered Bank and PNB Housing Bank together, structured with a payment ratio of 30:70, where 30% will be paid in cash and 70% in the form of security receipts. Read The Rest at :