GE Capital Transportation sells Rs 1,520 cr loan assets
US conglomerate GE's Indian arm GE Capital Transportation Financial Services Ltd on Friday said that the company has sold loan assets aggregating to Rs 1,520 crore.
By PTI |
MUMBAI : US conglomerate GE's Indian arm GE Capital Transportation Financial Services Ltd on Friday said that the company has sold loan assets aggregating to Rs 1,520 crore.
In a filing to the Bombay Stock Exchange GE Capital Transportation Financial Services said, the company sold portfolio of loan assets aggregating to Rs 1,436.35 crore to GE Capital Services.
The loan assets comprising receivables such as purchase transactions, lease transactions, retail transactions, and all secured loans and advances relating to consumer finance or commercial vehicle finance.
The company also transferred Rs 810 crore of commercial paper outstanding to GE Capital Services. Besides, the company had received Rs 20 crore through hybrid debt and subordinated debt loan agreements.
Shares of GE Capital Transportation Financial Services Ltd closed 0.3 per cent down at Rs 108.8 on the Bombay Stock
Exchange.
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