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UVARCL picks up 15% debt of engineering services firm from SBI

By Beena Parmar

  • 09 Aug 2021
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UVARCL picks up 15% debt of engineering services firm from SBI
Credit: 123RF.com

UV Asset Reconstruction Company Ltd (UVARCL) has bought about 15% debt of a stressed construction and engineering services firm, two persons with familiarity with the deal said. It has purchased Sew Infrastructure Ltd’s debt worth Rs 500 crore (around $67.5 million) from the State Bank of India (SBI), one of the ......

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