Union Bank of India (UBI) has put its Rs 2,077 crore loan to KSK Mahanadi Power on sale for the second time in less than six months, after the unsuccessful attempt in August last year.
The bank has set a Rs 828 crore reserve price to sell the account, a 10% reduction from the Rs 919 crore reserve price set by the bank in August. It envisages a recovery of 40% on the account, down from the 44% recovery expected last time, according to a note.
Source:
Economic Times
