Phoenix ARC in talks with banks to acquire VVF India loans - Business News: Latest News & Videos about market and economy | Trendmergers

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Phoenix ARC in talks with banks to acquire VVF India loans

The offer, which equates to a recovery of 50% for the state-owned bank, has triggered a Swiss challenge auction which is scheduled for April 30. VVF (India) has borrowings of ₹1,400 crore, according to a credit rating report by Crisil Ltd.

from Industry-Economic Times
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