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ADITYA BIRLA ARC
Aditya Birla ARC delivers 40% IRR amidst stressed asset recoveryAditya Birla ARC, a joint venture, provided a 40% return to its investors. This is the highest among Indian asset reconstruction companies....- Yet another ARC to shut shop, this time an Aditya Birla joint ventureAditya Birla Asset Reconstruction Company is winding down its operations in India, joining other fund-backed ARCs exiting due to challenges...
- NCLT admits Aditya Birla ARC's insolvency pleaNCLT, Hyderabad, admitted Aditya Birla ARC's petition on guarantees by KSK Mahanadi Power promoters Sastry and Kishore for over Rs 4000 cro...
- Six ARCs acquire 55% of KSK Mahanadi Power's Rs 29,330-crore debtSix ARCs, led by Aditya Birla and Kotak Mahindra-backed, control majority debt in KSK Mahanadi Power due to lenders' exits amid debt resolu...
- Top ARCs vie for three road projects, metals company metenereSeveral asset reconstruction companies including global fund JC Flowers ARC and Varde Partners-backed Aditya Birla ARC are participating in...
- Arcil among investors eyeing IDBI bad loansAround twelve investors, including Asset Reconstruction Company India (Arcil), Aditya Birla ARC, Invent ARC, Omkara ARC, ASREC, UV ARC, Alc...
- Aditya Birla ARC, Reliance ARC & Arcil in shortlist for Vidarbha IndsLenders of Vidarbha Industries Power will hold a Swiss challenge auction on August 8 among the three shortlisted asset reconstruction compa...
- Four bidders give EoIs for Vidarbha power debtVidarbha Industries is a subsidiary of Anil Ambani's Reliance Power. Varde Partners, bidding alongside Aditya Birla ARC, had also offered t...
- RattanIndia Power looks to refinance costly debtKotak Mahindra Bank will provide a ₹1,200 crore term loan at 16-17%, which will be used to repay debt raised from Goldman and Varde at 21%,...
- No takers for Union Bank’s bad debts despite lowering reserve priceOn August 17, Union Bank issued a tender inviting bids for the power company’s Rs 2,077-crore debt at a reserve price of Rs 919 crore for u...
- Union Bank to sell KSK Mahanadi loanOther lenders including State Bank of India, Punjab National Bank, Bank of Baroda (BoB) and Axis Bank have already sold their debt in the c...
- SBI sells KSK Mahanadi Power loan account to Aditya Birla ARC for Rs 1,622 crore"SBI initiated open offer e-auction towards sale of fund based exposure of KSK Mahanadi Power Co. Ltd on 100 per cent cash basis on April 2...
- State Bank sells distressed KSK Mahanadi loans to Aditya Birla ARC for Rs 1,622 croreThis would be the single-largest distressed loan sale on an upfront payment basis by any bank, equating to a recovery of 42% for the bank. ...
- SBI to Swiss auction KSK loansThe bank decided to hold a Swiss auction to avoid glare from investigative agencies in future, a bank executive said on condition of anonym...
- SBI sells Rs 3,815 crore KSK Mahanadi loan to Aditya Birla ARCState Bank of India is set to sell its ₹3,815 crore outstanding loan from KSK Mahanadi Power to Aditya Birla Asset Reconstruction Company, ...
- Aditya Birla ARC, Arcil among companies eyeing SBI's KSK Mahanadi loanIt is the largest stressed loan sale by any bank seeking upfront payment from the buyer. The bank has set a ₹1,544-crore reserve price on t...
- Malpani Group ties-up with Aditya Birla ARC to acquire Imagicaaworld EntertainmentThe Malpani Group has offered to acquire Imagicaaworld under an out-of-court settlement reached between banks and the company after three y...
- Pradip Shah appointed NARCL Chairman; Sanjay Jain made IDRCL chiefShah, an MBA from Harvard and chartered accountant, is credited for establishing India's first and largest housing finance company, HDFC, a...
- Bankrupt Sintex next on Mukesh Ambani's list? Reliance-ACRE submits EoIThis is a rare instance where RIL has formally submitted an expression of interest for a bankrupt company that is undergoing the corporate ...
- RattanIndia closer to debt resolution, set to revive Maharashtra power plantShares ended at Rs 1.53 a piece on BSE, down 3.16 per cent on Wednesday.
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