bank-news
Allahabad Bank Andhra Bank in talks to sell stakes in ASREC India
Mumbai: Public sector lenders Allahabad Bank and Andhra Bank are looking for merchant bankers to sell their stakes in ASREC (India) Ltd, an asset reconstruction company.
The banks require the assistance of merchant bankers to value the company and scout for potential buyers to sell their stake of 53.06% either in part or in full, according to a document seeking bids.
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