Distressed debt aggregator Acre Asset Reconstruction Company (ARC) (Assets Care & Reconstruction Enterprise Ltd.) has put Nagarjuna Fertilizers and Chemicals Limited (NSEI:NAGAFERT) on the block less than a year after taking over the INR 38.58 billion debt of the company. Acre is seeking INR 16.00 billion from bidders - double the INR 8.11 billion it paid to a seven-bank consortium in March last year, documents accessed by ET showed. The bidding will begin later this week.
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- Acre Asset Reconstruction Company Puts Nagarjuna Fertilizers Up for Sale at Double Buy Price