IDBI Capital Markets gives more time to beat NARCL's Rs 12,000 crore offer for Jaiprakash Associates

IDBI Capital Markets & Securities extended the deadline for bidders to surpass NARCL's Rs 12,000 crore offer for Jaiprakash Associates Ltd to January 14. Companies like Phoenix ARC, Acre ARC, Arcil Arc, and CFM ARC have shown initial interest. Bidders require a minimum net owned fund of Rs 500 crore to qualify.