Karanja Terminal & Logistics’ promoters, led by Nikhil Gandhi, have proposed a ₹472 crore settlement to Canara Bank and other lenders against a ₹590 crore debt. This revised offer surpasses Prudent ARC’s ₹460 crore bid made during a Swiss auction. KTPL operates a port and logistics facility near Mumbai, benefiting from good connectivity and upcoming infrastructure.
Originally published by The Economic Times https://economictimes.indiatimes.com/markets