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

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

By Beena Parmar

  • 02 Dec 2020
Premium
ARC prepares to swoop in on steel firm even as lenders near one-time settlement
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 ......

This is a Premium article. Please subscribe or log in to read the full story!

Here's a selection of our recent premium content.

Already a member? Click here to log in.
Advertisement
Advertisement
Google News Icon

Google News

Follow VCCircle on Google News for the latest updates on Business and Startup News