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The Economic Times

Economy / The Economic Times

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NARCL places 285 crore anchor bid for BLA Power debt

The National Asset Reconstruction Company Ltd has taken the lead in the ongoing auction for BLA Power's distressed debt, presenting a bold offer of Rs 285 crore. This auction is being conducted through a Swiss Challenge, wherein lenders seek to maximize returns by inviting higher bids against the starting offer.

20 Feb 2026 1:28 pm