JC Flowers ARC gets two bids for Rs 3,903 crore of bad loans

JC Flowers Asset Reconstruction Company received bids for two bad loan blocks totaling ₹3,900 crore. CFM ARC bid ₹78 crore for Carnival Cinemas' debt, while Acre ARC offered ₹237 crore for a retail and SME loan portfolio, triggering a Swiss challenge auction.
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