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ACRE ASSET RECOVERY
Morgan Stanley sees Reliance Industries’ AI, new energy bets powering next growth chapters. Here’s whyMorgan Stanley believes Reliance Industries has entered its fifth monetisation cycle, with artificial intelligence infrastructure and new e...- Adani Group pays Rs 6,000 crore to Jaiprakash lenders in first tranche of Rs 14,535 crore planAdani Group has made a significant payment of ₹6,000 crore to lenders of Jaiprakash Associates. This marks the first installment of a ₹14,5...
- Former Yes Bank CEO Rana Kapoor, Sudhir Valia booked in a fraud case by the Mumbai PoliceMumbai Police have filed a fresh FIR against former Yes Bank co-founder Rana Kapoor and investor Sudhir Valia for an alleged ₹1,000-crore f...
- IIFL Finance sues ACRE over asset recoveryIn its petition, IIFL said ACRE arbitrarily suspended and eventually terminated recovery operations, disrupting momentum and continuing to ...
- ACRE to buy Union Bank's Rs 411 crore Visa Steel LoanAsset Care and Reconstruction Enterprises (ACRE) is set to acquire a ₹411 crore loan of Visa Steel from Union Bank of India after no other ...
- HDFC sells more bad loans to ACRE ARCThe combined outstanding loan amount of this pool was approximately ₹1,300 crore, translating into an immediate recovery of around 23%. ACR...
- SBI to hold auction for Visa Steel debt after Acre ARC's offerAcre had earlier raised its all-cash offer to ₹243 crore from ₹230 crore offered in February. It is expected to be the front runner to be d...
- Acre ARC completes buyout of Nagarjuna Fertilizer debtAcre transferred ₹811 crore to lead lender IDBI Bank a couple of days after Punjab National Bank, the final lender in the seven-bank consor...
- HDFC gets an all-cash offer from Omkara ARC for bad loan portfolioAccording to sources, three to four large asset reconstruction companies examined the portfolio, but HDFC ultimately received a bid from Om...
- ACRE raises binding offer for debt of Visa SteelACRE, an ARC, has given a revised offer of ₹243 crore as against its previous offer of ₹230 crore, the people said. ACRE was the sole bidde...
- ACRE offers State Bank ₹230cr for Visa Steel LoansThe National Company Law Tribunal's Cuttack bench admitted Visa Steel for insolvency proceedings in November last year. Within a month, the...
- ACRE offers State Bank of India Rs 230 crore for Visa Steel loansThe offer from ACRE, an asset reconstruction company, is at the reserve price set by the bank and equates to a recovery of 33 paise on outs...
- Acre ARC's bid uncontested, set to bag Nagarjuna Fertilizers"There was no other bidder so one can now say Ares has won the bid. Banks are still working on internal processes to take approvals to give...
- LIC withdraws offer to sell R-Cap debt to ACREAn offer by ACRE to the country's largest life insurer had triggered a Swiss challenge auction, ET reported on November 14. ACRE, an ARC ba...
- Sintex Industries lenders agree to sell debt as resolution hangs fireThe Ahmedabad NCLT is scheduled to hear the matter on a resolution plan on December 7, according to the tribunal's website. Several issues ...
- Lenders seek better offer for Sintex from RIL-ACREIn most cases, lenders negotiate with the highest bidder to maximise recoveries from buyers of the bankrupt companies, said one of the lend...
- Arcil offers 27% recovery to IndusInd Bank for ITNL promoted Chenani Nashri Tunnelway LtdEarly this month, Ares SSG Capital-backed asset reconstruction company, Assets Care and Reconstruction Enterprise (ACRE) acquired Federal B...
- Federal Bank sells CNTL loan at 25% discountThe Kerala-based lender sold the loan after the road asset's owner, IL&FS Transportation Network (ITNL), failed to close a deal it signed a...
- Federal Bank sells ITNL owned Chenani Nashri Tunnel debt to ACRE at 25% discountAn income of Rs 700 crore through annuity by the company was distributed to lenders early this year. IL&FS group companies have a total exp...
- Bank of Baroda petitions Delhi HC to vacate stay on Reliance Home asset saleThe case refers to inter corporate deposits (ICDs) of Rs 200 crore invested by SPG subsidiary Always Remember Properties Pvt Ltd in June 20...
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