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Geojit BNP Paribas Financial Services Ltd has said that Geojit Credits (P) Ltd, a non-deposit taking NBFC (NBFC -ND-SI) in which Geojit BNP Paribas has a 65 per cent stake, has an outstanding exposure of Rs 133.22 crore by way of collateralised loans to clients against assignment of their commodity trade receivables from National Spot Exchange Ltd (NSEL) as on date.
Of this, Rs 103.77 crore was funded by way of loans from group companies.
Geojit BNP Paribas, which has a consolidated net worth of Rs 485.69 crore as on June 30, 2013, was making best efforts to recover the outstanding dues, the company said in a communication to the stock exchanges posted on the BSE Web site at 3.50 p.m.
The shares of the company (FV Re 1) closed at Rs 17.50, down by 10 paise, on the BSE today.
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