NARCL declines to match Phoenix ARC's bid for Mittal Corp https://ift.tt/7gtYdfm offer was 78% higher than the ₹228 crore from NARCL, and more importantly, it was on a full cash basis in contrast with the 85% security receipts (SRs) which would have been issued by NARCL to be liquidated and paid to banks only after recovery is made.
Tuesday, November 1, 2022
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