CFM acquires GMR Rajahmundry Energy debt from Edelweiss ARCCFM acquired GMR Rajahmundry Energy's debt from Edelweiss ARC on June 30. Edelweiss bought ₹458 crore debt from IDFC Bank in 2018. Unmet re...
20 Jul, 2024, 12.19 AM IST
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...
14 Jun, 2024, 04.35 PM IST
Edelweiss, Phoenix among ARCs vying for IOB's Rs 13,472-crore NPAsEdelweiss ARC, Phoenix ARC, Omkara ARC, and Prudent ARC eye Indian Overseas Bank's loan portfolio. Sets with reserve prices. ARCs conduct d...
14 May, 2024, 12.42 AM IST
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...
20 Dec, 2023, 12.12 AM IST
Farallon invests Rs 629 crore in Edelweiss ARC bondsEdelweiss ARC to use the proceeds in acquiring distressed retail loan portfolios, corporates and real estate loans.
26 Oct, 2023, 09.33 AM IST
Retail, MSME bad loans match ARCs' corporate purchasesARC executives say the trend may pick up pace and is likely to continue for at least two years. "Now with the NARCL in the picture most of ...
22 Aug, 2023, 12.31 AM IST
Edelweiss ARC looks to raise Rs 650 crore through NCDsThe funds raised will be utilised partly for the acquisition of distressed assets and servicing of debt. This fundraising comes ahead of th...
24 May, 2023, 08.21 AM IST
IndusInd Bank sells Rs 4,050 crore distressed retail and corporate loans to ARC in last nine monthsThe bank sold Rs 2,552 crore loans to Edelweiss ARC and Rs 1,500 crore to Omkara ARC in separate pools comprising retail and corporate loan...
18 Jan, 2022, 07.15 PM IST
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...
16 Dec, 2021, 06.28 AM IST
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...
08 Sep, 2021, 06.26 AM IST
Edelweiss ARC’s auction of DB Realty South Mumbai plot fails to get bidsThe prime, sea-facing plot was up for sale to recover Rs 473 crore of a loan and interest. Edelweiss ARC had taken over the plot owned by D...
21 Aug, 2020, 09.36 PM IST
Edelweiss ARC makes Rs 325 crore top bid for Orissa Manganese & MineralsEdelweiss ARC was the sole bidder for the other two companies – Zion Steel and Adhunik Metaliks.
30 Jan, 2018, 10.52 AM IST
HSBC sells its HNG loan to Edelweiss ARC in an all-cash dealLenders have an exposure of Rs 2,700 crore in Hindusthan National Glass (HNG), the largest maker of container glass with seven manufacturin...
17 Mar, 2017, 08.03 AM IST
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...
20 Feb, 2017, 01.38 AM IST
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.
14 Sep, 2016, 05.51 AM IST
Edelweiss ARC to raise Rs 800 crore in form of bank loan and bondsEdelweiss Asset Reconstruction Company, the company which specialises in buying stress loans from banks, is set to raise Rs 800 crore in fo...
28 Oct, 2015, 08.07 PM IST
Edelweiss ARC takes control at Bharati ShipyardEdelweiss Asset Reconstruction Company has acquired management control of Bharati Shipyard that has fallen in bad times.
02 Sep, 2015, 04.00 AM IST