Credits to @Leading_Nowhere on Twitter:
- 157 Cr was lent as unsecured loan from CPL to its subsidiary NBFC SCL
- Out of which 120 Cr lent to promoter entities and restructured rather than paid back
- 40 Cr NPAs (15% of AUM) of related parties not provisioned by NBFC. The size is too small now, but I’m sure once it gets demerged and the same is raised to RBI, they will issue fines and might shutter it down
Sharing this in public interest
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