{"id":434515,"date":"2021-09-07T11:07:10","date_gmt":"2021-09-07T05:37:10","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=434515"},"modified":"2021-09-07T11:07:35","modified_gmt":"2021-09-07T05:37:35","slug":"idbi-bank-led-consortium-seeks-eois-to-sell-exposure-to-ivrcl-road-asset","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/idbi-bank-led-consortium-seeks-eois-to-sell-exposure-to-ivrcl-road-asset\/","title":{"rendered":"IDBI Bank-led consortium seeks EoIs to sell exposure to IVRCL road asset"},"content":{"rendered":"<p>A consortium of lenders led by IDBI Bank on Monday sought expressions of interest for acquiring its Rs 804-crore exposure in a road asset developed by IVRCL. The banks wish to sell IVRCL Chengapalli Tollways (ICTL) to asset reconstruction companies or other financial institutions in line with regulatory guidelines.<\/p>\n<p>IVRCL was among the companies named by the Reserve Bank of India (RBI) in 2017 in its second list of bad assets to be resolved under the insolvency code. The company has since gone into liquidation. The road asset is being offered at a reserve price of `500 crore in an all-cash deal, implying a maximum haircut of 38%. The consortium has sanctioned loans worth Rs 862 crore to the asset. The other lenders in the consortium are Karur Vysya Bank, Union Bank of India, State Bank of India and Bank of Baroda.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>A consortium of lenders led by IDBI Bank on Monday sought expressions of interest for acquiring its Rs 804-crore exposure in a road asset developed by IVRCL. The banks wish to sell IVRCL Chengapalli Tollways (ICTL) to asset reconstruction companies or other financial institutions in line with regulatory guidelines. IVRCL was among the companies named by the Reserve Bank of India (RBI) in 2017 in its second list of bad assets to be resolved under the insolvency code. The company has since gone into liquidation. The road asset is being offered at a reserve price of `500 crore in an [&hellip;]<\/p>\n","protected":false},"author":39,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130,197,138],"tags":[],"class_list":["post-434515","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-roads-the-financial-express","category-the-financial-express"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/434515","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/39"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=434515"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/434515\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=434515"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=434515"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=434515"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}