NARCL agrees to match rare ARC's bid for SSA International's debt

Rare had offered ₹32.5 crore to top NARCL's offer of ₹31 crore under a Swiss challenge conducted by lead lender State Bank of India (SBI) last month. "NARCL has informed banks that it is ready to match the offer, which means the asset will be transferred to them," said a person familiar with the development.

from Banking/Finance-Industry-Economic Times https://ift.tt/TkNtXgb