NARCL emerges as the biggest bidder in the auction of two finance companies

In October 2021, the Reserve Bank of India (RBI) superseded the boards of Srei Infrastructure Finance and Srei Equipment Finance for insolvency proceedings due to governance concerns.

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National Asset Reconstruction Company Ltd (NARCL) emerged as the highest bidder in the auction for two finance companies – Srei Infrastructure Finance and Srei Equipment Finance.

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