ICICI Bank is inviting expressions of interest Tender - 128592360

Procurement Summary

State: Maharashtra

Summary: ICICI Bank is inviting expressions of interest for the sale of a financial asset related to an ECB Facility sanctioned to Rajesh Business and Leisure Hotels Private Limited for the construction of a 5-star hotel in Mumbai. The facility was classified

Deadline: 27 Oct 2025

Posting Date: 21 Oct 2025

Other Information

Notice Type: Tender

TOT Ref.No.: 128592360

Document Ref. No.:

Financier: Self Financed

Purchaser Ownership: Public

Document Fees: Refer Document

Tender Value: Refer Document

EMD: Refer Document

Purchaser's Detail

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Tender Details

ICICI Bank is inviting expressions of interest for the sale of a financial asset related to an ECB Facility sanctioned to Rajesh Business and Leisure Hotels Private Limited for the construction of a 5-star hotel in Mumbai. The facility was classified as NPA in March 2019, with a principal outstanding of USD 65.1 million as of June 30, 2025. Interested parties must submit their EOIs in writing, along with relevant documents, and are required to execute a non-disclosure agreement. The sale will be conducted through a Swiss Challenge method, with an anchor bid of 5, 276.2 million and a challenger bid with a 5% markup.

Documents

 Tender Notice