ICICI Bank invites bids to sell $28 million exposure in John Energy

ICICI Bank has invited expressions of interest (EoIs) from asset reconstruction companies (ARCs), banks, non-banking finance companies (NBFCs), and others to sell its stressed exposure in Gujarat-based John Energy Ltd.

The private lender’s outstanding principal for the external commercial borrowing (ECB) loan to the borrower as of June 30 is $27.7 million….