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SWISS CHALLENGE AUCTION
JM Financial ARC top bidder for Rs 971-cr DLI debtJM Financial ARC has emerged as the preferred bidder for Distribution Logistics Infrastructure Pvt Ltd's Rs 971 crore debt, offering Rs 621...- Canara Bank invites bids for Rs 509 crore loan of Rajesh ExportsCanara Bank is selling a ₹509.37 crore loan given to Rajesh Exports. The bank is looking for buyers for this distressed debt. This move com...
- 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...
- Canara Bank invites bids to sell ₹577-cr Supreme Hospitality loanCanara Bank is selling ₹577 crore debt of Supreme Housing and Hospitality. A Swiss challenge auction is planned. The bank has also filed a ...
- Karanja Terminal promoters offer Rs 472 crore as settlement to lendersKaranja Terminal & Logistics' promoters, led by Nikhil Gandhi, have proposed a ₹472 crore settlement to Canara Bank and other lenders again...
- NARCL offer for JAL triggers Swiss challenge, a dozen entities interestedNational Asset Reconstruction Co Ltd (NARCL) has offered ₹12,000 crore for the debt-ridden Jaiprakash Associates Ltd (JAL), sparking a Swis...
- Top ARCs vie for three road projects, metals company metenereSeveral asset reconstruction companies including global fund JC Flowers ARC and Varde Partners-backed Aditya Birla ARC are participating in...
- NARCL makes binding offers for over half a dozen accounts: SourcesNARCL is set to acquire loans of Simplex Infra following an uncontested Swiss auction. The state-backed bad bank has made a binding offer o...
- ARCIL buys ₹1,100-crore loans from RBL, Bandhan BankRBL Bank sold small business loans worth ₹360 crore for ₹20 crore in an all-cash deal at an auction to the ARC, equating to less than 1% re...
- Lenders look to close deal for loans of Vidarbha IndsA division bench of the court had on August 2 told the lenders not to declare the winner of the Swiss auction until the next hearing schedu...
- 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...
- SBI sells loan of Atibir Industries to CFM Asset Reconstruction CompanyThe all-cash sale indicates a recovery of 73 paise on a rupee of the principal amount outstanding for SBI. The bank had informed interested...
- Torrent Investments won’t participate in second auction for Reliance CapitalThe lenders, however, are unlikely to hold a Swiss auction since this would not lead to value maximisation, people in the know said. A clos...
- 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...
- Jammu and Kashmir Bank likely to sell Rs 303 crore KSK Mahanadi Power debt to ASRECThe Swiss challenge auction is scheduled on February 27, according to a notice issued by the bank early this week. If the offer by the ASRE...
- NARCL offer for Meenakshi Energy and Helios Photo triggers Swiss Challenge auctionLast month NARCL accelerated the pace of its activities after struggling for over a year to acquire bad loans. It has offered to buy six lo...
- NARCL to make its first acquisition in Jaypee InfratechLenders expect to close the transaction by the first week of November. It will involve NARCL acquiring ₹9,234 crore of stressed loans. In t...
- SBI to Swiss auction KSK loansThe bank decided to hold a Swiss auction to avoid glare from investigative agencies in future, a bank executive said on condition of anonym...
- SBI, Union Bank to go ahead with Swiss Challenge auction for KSK Mahanadi Power loansIn the Swiss auction process, lenders first hold an auction of the NPA, and the offer made by the highest bidder (also known as anchor bidd...
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