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Aditya Birla ARC: Aditya Birla ARC, Reliance ARC & Arcil in shortlist for Vidarbha Inds

Lenders of Vidarbha Industries Power will hold a Swiss challenge auction on August 8 among the three shortlisted asset reconstruction companies (ARCs), said people aware of the development. Lenders have shortlisted Aditya Birla ARC, Avenue Capital-backed Asset Reconstruction Company of India (Arcil) and Reliance ARC as eligible candidates to submit counter offers for the sale of the distressed power company, the people said. ....

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Vidarbha Industries: Vidarbha Industries' lenders pick CFM as anchor bidder

In the last few weeks, CFM ARC and the promoter have been outbidding each other in making unsolicited offers to the lenders for the distressed thermal power company, as reported by ET on June 22. ....

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