NARCL Plans ₹900 Crore Bid for Videocon Oil Ventures' ₹30,640 Crore Debt

The National Asset Reconstruction Company of India (NARCL) plans to bid around ₹900 crore to acquire Videocon Oil Ventures' stressed debt, which has admitted claims totaling ₹30,640 crore. After months of negotiations addressing valuation and structural complexities, NARCL formalized its offer, potentially leading to a Swiss Challenge process by lenders. The bid involves an 85:15 structure with government-backed security receipts covering potential shortfalls, aiming to add to NARCL's portfolio of large non-performing assets.