Jaiprakash Associates: One of India’s largest bankruptcies nears resolution
[Business Today] - 01/16/2025
NARCL’s bid offers lenders a recovery of 23%, comprising 15% cash and 85% government-guaranteed security receipts — a structure unique to NARCL. The acquisition, once finalized, will be the largest in NARCL’s portfolio, a critical move to boost its performance after a slow fiscal year.
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