Lenders expect to close the transaction by the first week of November. It will involve NARCL acquiring ₹9,234 crore of stressed loans. In the first week of October, NARCL gave a ₹3,570-crore binding bid for the loans held by public sector banks, triggering a Swiss challenge auction.source https://economictimes.indiatimes.com/industry/banking/finance/narcl-to-make-its-first-acquisition-in-jaypee-infratech/articleshow/95130240.cms
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