HDFC, Union Bank and IDBI Bank are considered to be the biggest beneficiaries of Essar Steel resolution.
IDBI Bank: The lender is seeking to curtail its soured debt by selling Rs 100 billion ($1.4 billion) of stressed assets and stepping up efforts to recover dues from delinquent borrowers.
Suven Life: The firm on Friday said it has entered into an asset purchase agreement to buy the assets of US-based Aceto Corporation's Rising Pharmaceuticals through its joint venture partner Shore Suven Pharma Inc.
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