Adani arm, others in race for IVRCL-backed road project

ACRE acquired the SPV loans from most lenders at an auction held in September last year. Silver Point, a US-based hedge fund, had partnered with ACRE to acquire loans from lenders through an auction. ACRE-Silverpoint jointly offered ₹624 crore to acquire ₹804 core loans that lenders auctioned. This equated to a recovery of 78% for lenders.

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