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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...- Mesabi Metallics secures $150 million from Macquarie for Minnesota iron ore projectMesabi Metallics, a proud member of the Essar Group, has successfully garnered USD 150 million in funding from Macquarie Group. This invest...
- Acre ARC wins bid to take over Essel Groups' bad loansAcre ARC, backed by Ares SSG, has won bids to acquire ₹1,350 crore of debt from Essel Group and ₹2,613 crore of retail and SME loans from J...
- JC Flowers ARC gets two bids for Rs 3,903 crore of bad loansJC Flowers Asset Reconstruction Company received bids for two bad loan blocks totaling ₹3,900 crore. CFM ARC bid ₹78 crore for Carnival Cin...
- Acre puts Nagarjuna Fertilizers up for sale at double buy priceDistressed debt aggregator Acre Asset Reconstruction Company (ARC) plans to sell Nagarjuna Fertilizers and Chemicals, seeking ₹1,600 crore ...
- JC Flowers ARC, Acre, Edelweiss among bidders for Yes Bank's ₹4,200-cr NPA pileThe corporate portfolio includes eight accounts that turned non-performing after 2019. These include Prometheon Enterprises with a debt of ...
- Saraswat to offload bad loans, draws interest from top ARCsOver 20 asset reconstruction companies and non-banking finance companies have expressed their interest in acquiring Saraswat Bank's non-per...
- Piramal can get back 75% at least of Rs 600-cr loanPiramal plans to conduct a Swiss Challenge on the initial offer and will make an announcement soon. Previously, HDFC had sold a real estate...
- IFCI gets binding bid from ACRE for Barwa Adda debtCurrently, there are three contenders vying to acquire this debt, including Prudent ARC and Asset Reconstruction Company India (ARCIL) othe...
- 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...
- 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...
- Acre ARC sole bidder for Nagarjuna Fertilizers' debtLenders led by IDBI Bank had invited expressions of interest from asset reconstruction companies to take over the debt of NFC after attempt...
- Acre ARC buys a clutch of distressed loans from HDFCThe portfolio includes loans to Gurugram-based real estate developer Vatika Group (₹730 crore) and distressed Nirmal Lifestyle Kalyan (₹430...
- Acre ARC buys over Rs 3,000-crore of bad loansThe portfolios include ₹1,100 crore from Indiabulls Home Finance, consisting of home loans and loans to builders, and ₹1,200 crore of comme...
- Acre ARC buys KKR's debt in WalchandnagarDetails available on the BSE show that as much as 97% of the 30% promoter shareholding in the company is pledged to lenders. Moreover, prom...
- Acre ARC set to purchase Indiabulls assetsThe deal is yet another attempt by the Sameer Gehlaut-led Indiabulls Group to shed capital-intensive assets as it moves to a new business m...
- Union Bank, Bank of Baroda may sell Bhushan Steel loan to SSGThe two banks had together put up Rs 2,430 crore in loans for sale. Bhushan Steel is facing bankrupcy proceedings and in the process of fin...
- Hong Kong firm SSG Capital Management buys 49% in ACRE for Rs 41 croreThe Rs 41-crore deal is the first through the FDI route, and is expected to encourage other specialist stress funds to tie up with ARCs her...
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