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ARCIL FINANCIALS
Adani Group pays Rs 6,000 crore to Jaiprakash lenders in first tranche of Rs 14,535 crore planAdani Group has made a significant payment of ₹6,000 crore to lenders of Jaiprakash Associates. This marks the first installment of a ₹14,5...
Lavasa homebuyers file plea at NCLAT against resolutionHomebuyers of Lavasa, India's first privately built hill town, have filed a fresh appeal. They allege serious flaws in the resolution plan ...
Sammaan Capital sells Rs 5,000 crore loan portfolio to stressed loan aggregator ArcilSammaan Capital sold a ₹5,000 crore stressed loan portfolio to Arcil at about a 52% discount, valuing it near ₹2,400 crore in one of the la...
ARCIL files for IPO, eyes public listing as India’s oldest asset reconstruction firmARCIL, India’s first asset reconstruction company, has filed for an IPO via an offer for sale of 10.54 crore shares. Backed by SBI and Aven...
UV pips Arcil for IFIN loan portfolioUV is offering Rs 370 crore in an all cash transaction to take over Rs 4,300 crore of loans at a 91% haircut from IFIN, beating Arcil's Rs ...
UV ARC pips Arcil to bag IFIN's bad loansUV Asset Reconstruction Co is set to take over Rs 4,300 crore of loans from the bankrupt Infrastructure Leasing & Financial Services' (IL&F...
IDBI Bank board okays divesting entire 19% stake in ARCILThe board has approved the proposal for sale of IDBI Bank's entire holding of 6,23,23,800 fully paid-up equity shares constituting 19.18 pe...
IDBI Bank invites bids to divest stake in Asset Reconstruction Company"IDBI Bank intends to sell 6,23,23,800 equity shares, constituting approximately 19.18 percent of the total equity share capital of Asset R...
Arcil names Vinayak Bahuguna as CEO and MDThe appointment has been done after receiving all necessary approval from the Reserve Bank, the company said in a release here today.
Sahara acquires 25-acre plot in Bangalore for Rs 149 CroreSahara confirmed the transaction."The assets have been acquired from Arcil and will be utilised as per the main objects of the company,"
- 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.
- Stressed assets
Arcil's problems are symptomatic of the broader ills in the system.
- WBIDC mulls hiving off distressed assets to ARCIL
The West Bengal Industrial Development Corporation is in negotiations with Asset Reconstruction Company India Ltd to hive off some of its d...
- Arcil plans to float stressed retail loan arm
Gross NPAs in retail loans are set to rise to 4% in two years from 2.7% at end-March’07. Defaults across all retail asset categories have g...
- ARCIL to acquire Rs 2,000 cr worth bad loans in FY08
The sticky assets of Indian banks is proving valuable to the Asset Reconstruction Company India (ARCIL), which has drawn up plans to acquir...
- Lehman buys Spectrum Power for Rs 400 cr
Under the restructuring proposal submitted by Lehman Brothers, almost the entire equity of the company will be written off against bad debt...
- Barclays Cap may get to buy Arcil stake
FIPB is likely to clear a proposal by Barclays Capital, an investment banking division of international financial services group Barclays B...
- Barclays to expand franchise in India
As a part of its expansion drive in the high-potential Indian financial services market, Barclays Bank is planning to pick up a 10 per cent...
- 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...