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ACRE ARC BID
Six ARCs show interest in DLI Logistics' ₹923-cr debtAsset reconstruction companies are showing interest in DLI Logistics Ltd. A promoter proposed a settlement of ₹590 crore against outstandin...- 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 submits Anchor bid to buy 5 Zee Group accountsAssets Care & Reconstruction Enterprise (ACRE) has made a bid to buy five non-performing loans related to Zee Group from JC Flowers ARC. Th...
- No final bids from ARCs for IDBI's Stressed Assets Stabilisation Fund assetsIDBI Bank's Stressed Assets Stabilisation Fund (SASF) is facing hurdles in its bid to recover 11.59% from the sale of non-performing loans ...
- 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 ...
- 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...
- L&T Finance gets 10 expressions of interest for distressed developer loansL&T Finance has received 10 expressions of interest (EoI) for 10 distressed developer loan accounts, with a combined outstanding of INR 3,0...
- 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...
- 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 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...
- 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 offers to buy LIC's Rs 3,400 crore Reliance Capital bondsThe ARC has offered 20-22 paise on a rupee recovery to the country's largest life insurer, one of the persons said. The binding bid by ACRE...
- 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...
- Five bidders vying for whole or part of Reliance Home FinanceOnly two of the bidders, Acre ARC and Authum have bid for the whole company. Acre has bid in association with its largest shareholder Aries...
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