Assets Care & Reconstruction Enterprises (ACRE), supported by Ares SSG Capital, is set to purchase State Bank of India's (SBI) road assets in an all-cash deal following months of negotiation. ACRE's recovery amounts to 60% for the largest bank in the country and subsequently, SBI will hold an e-bidding process on 7 June to determine the offer.source https://economictimes.indiatimes.com/industry/banking/finance/banking/acre-set-to-buy-out-sbis-loans-to-road-company-in-west-bengal/articleshow/100169219.cms
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