LIC puts Rs 613-crore KSK Mahanadi debt on the block

November 3, 2022

An offer of ₹188 crore from the Ahmedabad-based ARC has triggered a Swiss challenge auction, and on Wednesday, LIC invited counter offers from other ARCs, the people said. Rare ARC, being an anchor bidder, will have the first right to match the counteroffer.

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