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EDELWEISS ARC CEO
India's current account deficit to remain 1.5-1.7% of GDP in FY27 but RBI measures may turn BoP surplus: SBI ReportIndia's current account deficit is projected for FY27. However, Reserve Bank of India measures are anticipated to improve the country's ext...- Former SBI Capital Markets chief Arun Mehta named Edelweiss ARC CEOEdelweiss Asset Reconstruction Company is thrilled to announce Arun Mehta's appointment as CEO, following an extensive search process by Ko...
- Edelweiss sheds distressed assets ahead of EAAA India Alternatives IPOThe group has exited a number of long-stuck credit exposures, including Vatika, Adhunik Metaliks, and now BILT Graphic Paper Products (BGPP...
- RBI declines to extend Bansal third tenure at Edelweiss ARC as MD & CEOThe Reserve Bank of India has declined the reappointment of RK Bansal as MD and CEO of Edelweiss Asset Reconstruction (ARC), citing regulat...
- SC rejects bankruptcy order review plea by Nitin Desai's widowThe Supreme Court has dismissed a petition by Naina Desai, widow of art director Nitin Desai, seeking a review of the National Company Law ...
- Edelweiss ARC to double investments in retail bad loansMany loans taken during Covid-19 could turn bad as incomes in several segments are under stress. Last year, Edelweiss ARC bought retail loa...
- CDPQ becomes a sponsor of Edelweiss ARCEdelweiss Asset Reconstruction Company on Tuesday said CDPQ Private Equity Asia Pte (CDPQ) has become one of its sponsors with 20% of the t...
- A new approach to deal with stressed assets in makingThe idea is to put in place a large ARC, which will step in to offer a better value to lenders, who are caught with an asset where it is to...
- For Edelweiss Fin, retail is a thrust area: Rashesh ShahRetail is a thrust area which is growing at 30-40%, while corporate is growing at 12-13%.
- Supreme Court to hear bankruptcy proceeding of Falcon TyresIn April, lenders, led by Edelweiss Asset Reconstruction Company had approached National Company Law Tribunal (NCLT) to proceed under Insol...
- Edelweiss ARC makes Rs 500-crore bid for AdhunikEdelweiss Asset Reconstruction Company has assured that banks led by State Bank of India will not have to take a haircut as they go about r...
- CDPQ and Edelweiss to invest up to $2 billion in stressed assetsThe platform will invest in assets with the aim of restructuring debt and turning around companies, as well as becoming the provider of fin...
- Edelweiss announces pact with CDPQ for Rs 5,000 crore investment"The agreement...will provide Edelweiss Group with capital to invest in stressed assets and private debt opportunities in India."
- Three foreign funds vie for 25 per cent in Edelweiss ARCThis would mean Edelweiss ARC could be valued at anywhere between $660 million and $1 billion, depending on how the negotiations shape up.
- Edelweiss Finance to set up new entity to turn around distressed companies of ARCThis is the first time in India that any financial company has introduced this concept of ‘turnaround consultancy’ with a dedicated team.
- Edelweiss ARC buys 10% in ailing ElectrothermEdelweiss Asset Reconstruction Company is taking a big bet by ac quiring a 10% stake in engineering and metals firm Electrotherm India, whi...
- Edelweiss ARC takes control at Bharati ShipyardEdelweiss Asset Reconstruction Company has acquired management control of Bharati Shipyard that has fallen in bad times.
- Edelweiss Asset Reconstruction Company looks to infuse liquidity into ailing Bharati ShipyardEdelweiss Asset Reconstruction Company is looking to raise up to $100 million (Rs 634 crore) for Bharati Shipyard from foreign investors by...
- Distressed asset market is set to become more mature: Siby Antony ,MD and CEO, Edelweiss ARCThe time consumed in debt aggregation is the biggest challenge. It would be ideal if all lenders sell the entire debt of a single borrower ...
- Higher cash payout dampens junk loan marketHigher cash payout has prompted ARCs to reduce the valuation of the loan. But this has not gone down too well with the commercial banks.
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