Cerberus-ARCIL out of race to shop for Sure Financial institution NPA portfolio

Mumbai: Cerberus Capital and Asset Reconstruction Corporate Ltd (ARCIL) have dropped out of the race to procure Sure Financial institution’s ₹48,000 crore dangerous mortgage portfolio, consistent with a banker conscious about the subject. This comes after ARCIL pulled out of the consortium, which in any case ended up now not filing a counter bid. Sure … Read more