Thu 11/03/2022 09:04 AM
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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...
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