Union Bank receives binding bids for four loans of Rs 525 crore

Union Bank of India has received bids for four stressed loans worth more than ₹520 crore from ACCIL Corporation, SDB Developers, Jaypee Healthcare and Gammon India, at less than half the value of the loans. It was on a 100% upfront cash basis to ARCIL, CFM ARC, JC Flowers and Omkara ARC.
Read The Rest at :