NARCL set to acquire debt of Kay Bouvet Engineering

March 28, 2026

Specialised equipment maker Kay Bouvet Engineering’s Rs 1,000 crore debt is poised for takeover by NARCL. Banks will see a 13% recovery through NARCL’s Rs 130 crore offer, which faced no competition in a Swiss challenge auction. This marks a potential final acquisition for the bad loan aggregator this fiscal year.

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