Asian Hotels (North) Limited Clears All Loan Defaults After ₹764.94 Crore Equity Fundraise
Asian Hotels (North) Limited has successfully resolved all loan defaults with three lenders after raising ₹764.94 crore through preferential allotment of 23180000 equity shares on February 07, 2026. The company cleared overdue amounts with Star Strength, Ambitious Cement Private Limited, and J.C. Flowers Asset Reconstruction Private Limited, regularizing all affected accounts. This financial restructuring resolves defaults that were first reported in August-September 2025, providing the hospitality company with improved financial standing.
