IDBI Capital seeks bids for SBI-led consortium's ₹1,772 cr bad loans
Business Standard|October 03, 2024
IDBI Capital Markets and Securities has invited expressions of interest (EoIs) from entities interested in acquiring ₹1,772.7 crore of non-performing loans of State Bank of India (SBI)-led consortium of lenders in Bareilly Highways Project through a Swiss challenge auction on October 30.
SUBRATA PANDA

According to sources, state-owned National Asset Reconstruction Company (NARCL) has submitted an anchor bid of ₹300 crore for the exposure on a 15:85 cash-to-security receipts basis. This bid has been set as the reserve price, based on which counter bids will be invited in the Swiss auction.

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Business Standard

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Business Standard

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Business Standard

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Business Standard

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Business Standard

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