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The Economic Times

Economy / The Economic Times

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CFM ARC leads race for Gammon India's 514-cr debt

CFM ARC is leading the bid to acquire Gammon India's 514 crore debt from Punjab National Bank. The bank is holding an electronic auction to secure a higher price for the loans. CFM ARC has already taken over a portion of Gammon India's debt. This move could consolidate CFM ARC's position in resolving Gammon India's financial situation.

23 Feb 2026 12:02 am