Assets Care & Reconstruction Enterprise (ACRE) has made a bid to buy five non-performing loans related to Zee Group from JC Flowers ARC. Th...

IDBI Bank's Stressed Assets Stabilisation Fund (SASF) is facing hurdles in its bid to recover 11.59% from the sale of non-performing loans ...

The corporate portfolio includes eight accounts that turned non-performing after 2019. These include Prometheon Enterprises with a debt of ...

Piramal plans to conduct a Swiss Challenge on the initial offer and will make an announcement soon. Previously, HDFC had sold a real estate...

Currently, there are three contenders vying to acquire this debt, including Prudent ARC and Asset Reconstruction Company India (ARCIL) othe...

The combined outstanding loan amount of this pool was approximately ₹1,300 crore, translating into an immediate recovery of around 23%. ACR...

L&T Finance has received 10 expressions of interest (EoI) for 10 distressed developer loan accounts, with a combined outstanding of INR 3,0...

Acre 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...

According to sources, three to four large asset reconstruction companies examined the portfolio, but HDFC ultimately received a bid from Om...

The National Company Law Tribunal's Cuttack bench admitted Visa Steel for insolvency proceedings in November last year. Within a month, the...

The 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...

"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...

An 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...

Lenders led by IDBI Bank had invited expressions of interest from asset reconstruction companies to take over the debt of NFC after attempt...

The 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...

The portfolio includes loans to Gurugram-based real estate developer Vatika Group (₹730 crore) and distressed Nirmal Lifestyle Kalyan (₹430...

Only two of the bidders, Acre ARC and Authum have bid for the whole company. Acre has bid in association with its largest shareholder Aries...