The bank had set a Rs 821 crore reserve price on the HNGIL debt, implying a 48% recovery on the total outstanding amount. Nearly half a dozen asset reconstruction companies (ARCs), including Edelweiss ARC and Phoenix ARC, submitted expressions of interest, as reported by ET on February 4. But none of them submitted a bid at the auction held on Thursday, said people with knowledge of the matter.
Reliance Infrastructure jumps 5% as defence arm bags Rs 600-crore export deal from Germany’s Rheinmetall
Reliance Infrastructure share price: Reliance Infrastructure shares surged 5% after its arm, Reliance Defence, bagged a Rs 600-crore export order from Germany’s Rheinmetall, boosting global
June 25, 2025