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SBI ARCIL INVESTMENT
Up to 290% gains! SBI, Federal Bank make massive windfall as Arcil’s Rs 733-crore IPO hits D-StreetSBI and Federal Bank have gained 281% and 292%, respectively, on Arcil investments as the asset reconstruction company launches its Rs 733-...
August Rush: Over 2 dozen companies plan Street debut next monthIndia's primary market momentum continues with over two dozen issuers planning IPOs. These companies aim to collectively raise approximatel...
Arcil Investors to offload 32.57% stake via IPOAsset Reconstruction Company (India) Ltd (Arcil), India's second-largest ARC, is launching an IPO with existing shareholders selling a 32.5...
Arcil IPO: Avenue, SBI to reduce stake, GIC affiliate to exitArcil Ltd, India's first bad loan aggregator, is set for an IPO with existing shareholders like Avenue Capital, SBI, GIC's Lathe Investment...
IDBI Capital Markets gives more time to beat NARCL's Rs 12,000 crore offer for Jaiprakash AssociatesIDBI Capital Markets & Securities extended the deadline for bidders to surpass NARCL's Rs 12,000 crore offer for Jaiprakash Associates Ltd ...
CEO factory: SBI keeps feeding top leaders to lendersAmitava Chatterjee is the new CEO of J&K Bank. He joins other SBI veterans now leading various banks in India. This trend showcases the tru...
Arcil shows interest in joining the race for Meenakshi EnergyNARCL had offered ₹1,003 crore to purchase the debt last month. If Arcil follows its interest with a serious bid, then NARCL will still hav...
Bad bank to help state-owned lenders, capital outlay needs to be watched: AnalystsHowever, at least one existing asset reconstruction company (ARC) opposed the move to create another ARC-Asset Management Company, with Arc...
IDBI Bank rises 10% amid talks of selling stake in ArcilIDBI Bank CFO Ajay Sharma said it has not initiated discussions with prospective buyers.
IDBI Bank in talks with Avenue Capital to sell stake in asset aggregator ArcilAvenue will become the largest stakeholder if the sale gets RBI nod.
Banks approve Rs 2,400-crore resolution plan for steel assets of Uttam GalvaTwo people aware of the resolution plan said the offer includes equity commitment of Rs 100 crore. Of the total amount, about Rs 650 crore ...
Exit non-core businesses: Finance Ministry to banksThey have been asked to move forward on the idea based on deliberations at the Gyan Sangam last year, sources said.
Finance Ministry pushes PSU banks to sell stakes in non-core assetsThe Finmin is mounting pressure on PSBs to divest their holdings in non-core assets as it wants the lenders to raise resources internally t...
- Arcil revises profit after RBI questions accounting policy
Bad loan recovery company restates profit for FY11 to Rs 3.3 crore from Rs 51 crore.
- Singapore's GIC may pick up 10% in Arcil
The investment arm of the Government of Singapore, GIC, may pick up slightly below 10% stake in Asset Reconstruction Company of India (Arci...
- Year-end blues: Banks rush to sell bad loans
With the fiscal year coming to an end, several banks are looking to sell their bad loan portfolio to strengthen their balance sheets.
- Stage set for foreign play in ARC market
Barclays Capital Security Asia has got approval from the Foreign Investment Promotion Board (FIPB) to acquire 9.63% stake in Arcil - the as...
- Many takers for Arcil rights issue leftovers
The nascent local market for stressed assets has attracted a lot of investor interest in recent months.
- Barclays to buy 10% in Arcil from ICICI
Stocks, real estate and now junk loans, a market where the action seems to be hotting up.
- NY’s Oz joins queue to pick up Arcil stake
New York-based Oz Management, globally one of the top 10 funds with assets over $10bn, has decided to enter the Indian asset reconstruction...