NARCL makes binding offers for over half a dozen accounts: Sources
Wed, Feb 7, 2024 11:34 AM

NARCL makes binding offers for over half a dozen accounts: Sources

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NARCL, a state-backed bad bank, has bid for multiple distressed loans, including two special purpose vehicles of Sadbhav Engineering and the Haridwar Highways Project. The fate of these offers will depend on lenders' approval and could potentially lead to a Swiss challenge auction. NARCL has also offered to acquire Simplex Infra's debt of Rs 9,600 crore.

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