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JAL Bidders to Join Challenge Auction With ₹12K Cr Base
Business Standard
|September 04, 2025
Will get 1 hr to review, discuss bids before each round
The lenders of Jaiprakash Associates Limited (JAL) have asked all resolution applicants to take part in a challenge auction for the distressed company on Friday with the minimum bid amount being set at ₹12,000 crore, according to people in the know.
This will be calculated in terms of net present value (NPV).
The challenge auction will take place via email where after every round of bids, the lenders will ask the participating companies to raise their offer by at least ₹250 crore.
Denne historien er fra September 04, 2025-utgaven av Business Standard.
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