ICICI Bank Ltd, a major lender to Unimark Remedies Ltd, is in talks with Edelweiss Asset Reconstruction Co. (ARC) Ltd to sell its loans, according to two people aware of the development.
A couple of other ARCs, including Multiples ARC Pvt. Ltd, have also evinced interested in Mumbai-based Unimark but the discussions were unsuccessful, one of the two people said, requesting anonymity. The discussions with Edelweiss ARC is at a preliminary stage, the second person said on condition of anonymity.
