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NARCL retains guarantees of Jaypee ex-promoters to boost recovery of duesNARCL has already filed applications linked to both the corporate guarantee of Jaiprakash Power Ventures and personal guarantees of chairma...- Only Ambuja in fray for Jaypee Cement, submits Rs 580 crore bidIn a surprising turn of events, Ambuja Cements, part of the Adani Group, has put in a bid of Rs 580 crore for Jaypee Cement. However, this ...
- Sadbhav Lenders turn down NARCL offer, settle it out of courtSadbhav Engineering lenders have chosen an out-of-court debt restructuring. This decision bypasses an offer from NARCL. A consortium-led pl...
- NARCL to take over Rs 1000 crore Kay Bouvet debtNational Asset Reconstruction Co Ltd, or NARCL, will acquire the Rs 1000 crore debt of Kay Bouvet Engineering. Banks sought challenging bid...
- NARCL set to acquire debt of Kay Bouvet EngineeringSpecialised equipment maker Kay Bouvet Engineering's Rs 1,000 crore debt is poised for takeover by NARCL. Banks will see a 13% recovery thr...
- NARCL to buy Kurukshetra e-way debtIn a significant move towards debt resolution, the government-supported NARCL is set to take over KEPL's outstanding ₹1,500 crore debt for ...
- NARCL to buy Kurukshetra e-way debt"Banks are in the process of signing final documents in the KEPL case, while in the case of BLA, too, there was no one who turned up in the...
- NARCL acquires Rs 1,000-cr debt of Entertainment City for Rs 711 croreThe National Asset Reconstruction Company has taken over the debt of Entertainment City. Punjab National Bank accepted NARCL's ₹711-crore o...
- NARCL ups offer for Jaiprakash Associates debt to Rs 12,000 croreNARCL has increased its bid to acquire the debt of Jaiprakash Associates to ₹12,000 crore. The revised offer comes as the company's appeal ...
- NARCL offers to buy debt of three more bankrupt companiesBased on binding bids from the government-backed bad bank, lenders have initiated a Swiss challenge auction for Hitodi Infra. The lenders, ...
- NARCL's offer for Entertainment City debt pegs recovery at 95%The National Asset Reconstruction Co (NARCL) offer for the ₹751 crore debt has triggered a Swiss challenge auction scheduled on March 1. Th...
- NARCL gives binding offers for two highway assets and a steel companyIf lenders approve a binding offer for the two road projects and the steel company, it will be followed by a Swiss challenge auction. NARCL...
- NARCL acquires Helios PhotovoltaicBased on the anchor bid from NARCL, PNB Investment Services had run the Swiss Challenge auction and asked interested bidders to bid at a ma...
- NARCL offers Rs 220 crore for Sion Panvel Tollways' debt"SPTL is a special purpose vehicle (SPV), which was formed to manage this highway, which is an important road leading into and out of Mumba...
- NARCL matches Raj Radhe's Rs 130-cr bid for CCCLast week, ET reported that NARCL had agreed to match Rare ARC's counter bid to take over the debt of rice exporter SSA International, maki...
- NARCL agrees to match rare ARC's bid for SSA International's debtRare had offered ₹32.5 crore to top NARCL's offer of ₹31 crore under a Swiss challenge conducted by lead lender State Bank of India (SBI) l...
- With an ₹860 crore VOVL bid, NARCL eyes the single-largest debt buyout by any ARCNARCL's offer has an 15:85 structure - 15% of the consideration will be upfront cash while the balance will be in security receipts (SRs) p...
- After Mittal Corp & Jaypee Infratech, NARCL makes a bid for CCCLARCL has offered ₹100 crore to acquire ₹1,241 crore principal outstanding debt of the engineering procurement and construction (EPC) compan...
- IDBI Bank to seek bids via Swiss auction for Jaypee Infratech debt"All banks are now in the process of taking board approvals to consider the NARCL offer. Meanwhile, the Swiss challenge process will also s...
- NARCL offers too low, feel bankersIn the case of CCC, bankers were stunned to receive a ₹60 crore bid for a total of ₹2,623 crore outstanding dues, a less than 3% recovery f...
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