Lenders led by SBI are selling debt worth over Rs 2,000 cr of SPML Infrastructure at a reserve price of Rs 405 crore, with the anchor bid submitted by NARCL offering lenders a 20% recovery. IDBI Capital is acting on behalf of SBI, Canara Bank, ICICI Bank, PNB, BOB, and Union Bank of India, which are selling both fund-based and non-fund-based loans, as well as optionally convertible debentures, carrying a security value of Rs 1,203 crore.source https://economictimes.indiatimes.com/industry/banking/finance/banking/spml-infra-lenders-start-rs-2000-crore-debt-sale-based-on-anchor-bid-from-narcl/articleshow/100271858.cms
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