JCFlowers ARC won the non-performing loan portfolio in an uncontested Swiss auction for Rs 11,183 crore, after Cerberus Capital and Asset Reconstruction Company of India (Arcil) that had teamed up for a bid dropped out of the race, as reported by ET on September 9.source https://economictimes.indiatimes.com/industry/banking/finance/banking/sale-of-yes-banks-bad-loans-to-take-off-soon/articleshow/94138428.cms
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