Cerberus ties up with ARCION for Yes Bank's NPAs https://ift.tt/CbOcXfU a higher offer, Cerberus lost out as it does not own an ARC- unlike JC Flowers, which operates an ARC. In order to place itself on an equal footing, Cerberus has roped in ARCION Revitalization, an ARC joint venture between Apollo Global Management and ICICI Bank, to submit a joint bid, said people aware of the development.
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