NARCL to make its first acquisition in Jaypee Infratech

Lenders expect to close the transaction by the first week of November. It will involve NARCL acquiring ₹9,234 crore of stressed loans. In the first week of October, NARCL gave a ₹3,570-crore binding bid for the loans held by public sector banks, triggering a Swiss challenge auction.

from Banking/Finance-Industry-Economic Times https://ift.tt/SN2zCGL