Thu 11/03/2022 09:04 AM
Relevant Document:Auction Notice
Ahmedabad-based RARE Asset Reconstruction Ltd.’s INR 1.88 billion ($22.7 million) bid for INR 6.31 billion non-performing loans (NPLs) of KSK Mahanadi Power Company Ltd. held by state-owned Life Insurance Corporation of India (LIC) has triggered a Swiss challenge auction, according to two sources familiar with the matter.
RARE ARC is in talks with several more lenders to acquire their exposure in KSK Mahanadi, the sources added.
Varde Partners-backed Aditya...
This article is an example of the content you may receive if you subscribe to a product of Reorg Research, Inc. or one of its affiliates (collectively, “Reorg”). The information contained herein should not be construed as legal, investment, accounting or other professional services advice on any subject. Reorg, its affiliates, officers, directors, partners and employees expressly disclaim all liability in respect to actions taken or not taken based on any or all the contents of this publication. Copyright © 2024 Reorg Research, Inc. All rights reserved.