Shares of Jai Balaji Industries may remain in focus, as Indian Overseas Bank has invited bids to sell its assets to recover the dues. The Kolkata-based Jai Balaji Industries, which is into steel business, has an outstanding of ₹187.10 crore to the Bank. IOB said this is the first lot of NPA accounts to be sold during the ongoing quarter of the current fiscal. The auction will be held under the Swiss Challenge method on a cash-plus-security receipt basis. The process of e-bidding is scheduled for November 18.
COMMENT NOW
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.