Lenders to sell Wind World (India) debt to NARCL, recover 18% dues
The government-backed National Asset Reconstruction Company (NARCL) is declared the winning bidder for a majority debt of Wind World (India) following an uncontested Swiss challenge auction held by lenders on Monday, said people with knowledge of the matter.
NARCL gave a binding offer of Rs 670 crore to acquire Rs 3763 crore debt from lenders, according to a sale notice that did not name the ARC.
