ARC prepares to swoop in on steel firm even as lenders near one-time settlement

By Beena Parmar

  • 02 Dec 2020
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Credit: Reuters

A top asset reconstruction company (ARC) is circling a steel maker even as lenders near a one-time settlement (OTS) with the debt-ridden firm in a parallel process. Edelweiss ARC has filed a bid to acquire 100% of the bad debt put up for sale by Steel Exchange India Ltd’s (SEIL) lead ......

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