.jpg?width=1200)
Mumbai: The National Asset Reconstruction Company Ltd (NARCL) has taken over the Rs2,658 crore debt of the Anil Ambani-led Mumbai Metro One Pvt Ltd (MMOPL).
According to sources, NARCL has acquired this debt from five domestic banks including, State Bank of India, IDBI Bank, Canara Bank, Indian Bank, and Bank of Maharashtra.
Read Also
Navi Mumbai: Orange Metro Line 12 To Connect Kalyan-Taloja, Set For Completion By December 2027
MMOPL, a 74:26 joint venture between Reliance Infrastructure and the Mumbai Metropolitan Region Development Authority (MMRDA), operates the city’s first metro line, which is also one of the first privately managed metro services in India. Despite its short 11km length, the line, which connects the densely populated areas of Versova, Andheri, and Ghatkopar, serves over 400,000 passengers daily.
SEBI Bans Market Expert Sanjiv Bhasin, 11 Others From Giving Advice On TV & Social Media Over Stock Manipulation
Mumbai News: PWD Floats ₹33.5 Crore Tender For Retaining & Compound Walls Around Sanjay Gandhi National Park To Control Encroachment
'Caste, Corruption, Cover-Up': Social Activist Anjali Damania Slams Vasai Police Over Young Woman’s Suicide
Navi Mumbai: NMMC Chief Dr Kailas Shinde Inspects Belapur Holding Pond, Orders Emergency Flood Prevention Measures After May 26 Waterlogging; VIDEO
