Acquisition Of Assets
Shine’s objective is to resolve the impaired assets. Banks and Financial Institutions are the major source for these assets. Shine acquires non-performing assets (NPAs) from them for a consideration so that Banks’ / Financial Institutions’ Books remain clean of NPAs and they can concentrate on their core business.
Shine has already acquired sizable NPAs from various Banks and Financial Institutions.Banks / Financial Institutions which are providing secured financial assistance to Companies, which have become stressed assets over a period of time, may consider transferring such stressed assets to Shine for effective resolution.