Upfront cash criteria to bid for stressed assets not feasible: Bidders

The new evaluation criteria laid down by lenders for stressed assets have put bidders in the bind as more weight is being given to upfront cash to be paid to the banks with the bid offer instead of giving more weight to equity investments to be made in the stressed company.
 
Bidders say apart from taking over part of loans and making investments in the stressed asset, the upfront cash to be paid to the banks will not make it feasible to bid for the large assets.
 
“The upfront cash to be put in for the stressed asset