IL&FS Fin Services plans to sell 62 NPAs accounts worth ₹4,297 crore via Swiss Challenge method
The Hindu
IFIN also said it has received a binding offer (initial bid) from an initial bidder for the asset book
IL&FS Financial Services (IFIN), wholly-owned subsidiary of Infrastructure Leasing and Financial Services, on Monday placed 62 non-performing asset (NPA) accounts worth ₹4,297 crore on sale.
The lender said the sale of NPAs will be done through the 'Swiss Challenge' route.
Under the Swiss Challenge method, the highest bid in the first round of bidding becomes the base price for bidders, including for the highest bidder, to place counter-bids in the second round of bidding. The asset goes to the highest bidder in the second round.
Chief Minister Revanth Reddy to counter opposition's farm loan waiver criticism at Farmers Conference in Mahabubnagar on November 30.
UDF cadre celebrate Palakkad win with trolley bags, highlighting political drama in byelections.
India tour of Australia: Border-Gavaskar Trophy first Test in Perth: Debutant Harshit Rana press conference on his performance and about his dream debut in Australia
The Cyber Crime Wing, Tamil Nadu, has issued a public warning about a scam targeting Unified Payments Interface (UPI) users. Multiple incidents of unauthorised bank transactions through UPI applications, particularly PhonePe, have been reported recently, the police said.
BRS working president K.T. Rama Rao criticizes Congress for BJP's success, emphasizes importance of regional parties in Indian politics.
A 62-year-old man was arrested on Saturday (November 23, 2024) by the Natrampalli Police for allegedly growing ganja in the backyard of his house near Jolarpet town in Tirupattur.
Manipur Government extends mobile internet suspension in seven districts amid escalating violence for public safety.
A special team comprising 11 police personnel, including a few officers from Tirupati in Andhra Pradesh, conducted a probe at a private dairy unit in Dindigul in connection with the Tirumala laddu case on Saturday (November 23, 2024).
Close contest in Aurangabad East & Central seats in Maharashtra Assembly polls, with AIMIM holding its own.
RSS played a crucial role in shaping Maharashtra Assembly elections, focusing on urban voter mobilization and supporting BJP-led Mahayuti alliance.
Trinamool Congress sweeps all six bypolls in West Bengal, solidifying political dominance despite ongoing protests.