Aditya Birla ARC, Arcil among companies eyeing SBI's KSK Mahanadi loan

It is the largest stressed loan sale by any bank seeking upfront payment from the buyer. The bank has set a ₹1,544-crore reserve price on the outstanding loan of ₹3,815 crore. So far, most big-ticket distressed loan sales were structured deals involving part payment in the form of security receipts that would be redeemed upon recovery from defaulting borrowers.

from Banking/Finance-Industry-Economic Times https://ift.tt/G8nXHvd