NARCL emerges winning bidder for Rs 17,000 cr debt
The National Asset Reconstruction Company of India (NARCL) has been the winning bidder for six distressed accounts with outstanding debt of over ₹17,000 crore that banks have put on the block in the last three months. The six accounts are Metenere, Pink City Expressway, West Haryana Highways Projects, Entertainment City, SEW LSY Highways, and Simplex Infrastructures. NARCL has offered ₹2,331 crore for the loans totalling ₹17,139 crore.
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