JM Financial ARC top bidder for Rs 971-cr DLI debt

JM Financial ARC has emerged as the preferred bidder for Distribution Logistics Infrastructure's ₹971 crore debt, offering ₹621 crore. Lenders, led by Bank of Baroda, will see a 64% recovery. This follows a failed settlement attempt with promoters, with the process expected to take more time.

Raccontata daeconomictimes.indiatimes.com