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Product Detail :
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Axis Bank Limited invites proposals from ARCs / NBFCs / FIs for the acquisition of debt of Borrower account Saravana Stores (Gold Palace), a Chennai-based partnership firm engaged in retail trade of textiles and gold, with an aggregate exposure of 195.12 Crores plus further interest from 06/11/2025, through an open bidding process at a reserve price of 65 Crores. The sale of debt is on ''''As is where is and as is what is basis'''' and without any recourse to Axis Bank. Bidders must submit an Expression of Interest (EOI) by 13/11/2025, with due diligence to be completed by 27/11/2025. Debt acquisition of Saravana Stores (Gold Palace)
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| Tender Detail : |
Axis Bank Limited invites proposals from ARCs / NBFCs / FIs for the acquisition of debt of Borrower account Saravana Stores (Gold Palace), a Chennai-based partnership firm engaged in retail trade of textiles and gold, with an aggregate exposure of 195.12 Crores plus further interest from 06/11/2025, through an open bidding process at a reserve price of 65 Crores. The sale of debt is on ''As is where is and as is what is basis'' and without any recourse to Axis Bank. Bidders must submit an Expression of Interest (EOI) by 13/11/2025, with due diligence to be completed by 27/11/2025. |