HDFC gets an all-cash offer from Omkara ARC for bad loan portfolio
According to sources, three to four large asset reconstruction companies examined the portfolio, but HDFC ultimately received a bid from Omkara ARC for the entire pool. HDFC is currently evaluating the bid, and a decision is expected in the coming weeks. The lender may ask for more bids to maximise recovery. HDFC is expected to complete its planned merger with HDFC Bank in the next two quarters.
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