Government-owned National Asset Reconstruction Co (NARCL) gave the highest offer of Rs 5,555 crore for the twin Srei companies at an auction held by the lender Tuesday, two people aware of the exercise told.
Authum Investments and Infrastructure gave the second highest offer of Rs 5,526 crore while Arena Investors-Varde Partners team offered Rs 4,600 crore, the people said.
All three offers- by NARCL, Authum and Arena-Varde team – are on net present value basis, arrived at by discounting future cash flows.
Source:
Economic Times
