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ASREC INDIA
Indian Bank to pare stake in ASREC below 30% by March 2026Indian Bank plans to reduce its 38.26% stake in ASREC (India) Ltd to below 30% by FY26, in compliance with regulatory norms limiting bank e...- Who is Madhu Lunawat? The first Indian woman to launch a mutual fund businessThe Wealth Company, a Pantomath Group entity led by Madhu Lunawat, has secured Sebi's approval, marking the first Indian fund house founded...
- Govt provides exemption to Indian Bank to retain over 30 pc stake in ASRECThe government has exempted Indian Bank from the requirement to hold shares exceeding 30% in ASREC (India) Limited, an asset reconstruction...
- 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...
- Coffee Day Global and IndusInd Bank settle insolvency resolution plea at NCLATIndusInd Bank has withdrawn its insolvency resolution application against Coffee Day Global after assigning its loans to asset reconstructi...
- Bank of India looks to sell Rs 670-crore loans of KSK Mahanadi PowerState-run Bank of India (BoI) is looking to sell the Rs 670-crore debt of KSK Mahanadi Power and has set a reserve price of Rs 301 crore, w...
- Union Bank of India fails to get bidders for its bad loansUnion Bank had put on sale a ₹410-crore loan of bankrupt Visa Steel and set the reserve price at ₹164.28 crore, entailing a recovery of at ...
- Jammu and Kashmir Bank likely to sell Rs 303 crore KSK Mahanadi Power debt to ASRECThe Swiss challenge auction is scheduled on February 27, according to a notice issued by the bank early this week. If the offer by the ASRE...
- UBI looks to sell KSK Mahanadi, Raigarh Champa debt to ASRECAn offer of ₹828 crore for KSK Mahanadi and ₹38 crore for Raigarh Champa Rail by ASREC last week triggered a Swiss challenge auction, the p...
- Indian Bank to divest its stake in ASREC (India)The bank holds 38.26% in ASREC and its board on Friday has approved a plan to fully or partly sell the stake. Bank of India, Union Bank of ...
- Allahabad Bank targets Rs 500 crore from non-core asset sale"Allahabad Bank has come out of the PCA. It is only the starting point," said MD and CEO.
- Andhra Bank rallies over 5% on divestment planThe scrip was trading 5.74 per cent up at Rs 30.40 at around 9.32 am.
- Sensex jumps 150 pts, Nifty50 above 10,550; Tata Motors gains 3%"We advise traders to remain positive and keep following strict stop losses,” said Chavan.
- Andhra Bank to divest stakes in joint venturesIndiaFirst is a joint-venture between Bank of Baroda (44 per cent), Andhra Bank (30 per cent) and UK's wealth and investment management fir...
- Bank of India plans to sell stake in subsidiaries to raise capital"We sold stake in some of the subsidiaries and we are exploring opportunities to divest stake in some other non-core subsidiaries depending...
- Arcil acquires NPAs worth Rs 12,000 cr in FY10Bad loans acquired by asset reconstruction companies have doubled over the last four years despite banks being reluctant to part with their...
- Suuti offers Asrec shares to existing shareholdersSpecial Undertaking of Unit Trust of India (Suuti) - the principal shareholder of Asset Reconstruction Company (Asrec) - has offered its sh...
- SUUTI to pull out of AsrecSpecial Undertaking of Unit Trust of India, the principal shareholder of Asset Reconstruction Company, has decided to sell its entire stake...
- Banks, broking cos see good business in bad loan marketThere is also a positive side to an economic slowdown. Sensing business opportunities, banks and brokerage are eyeing the bad loan market.
- Reborn ARC to have Bajpai, MN Singh, Godbole on boardMN Singh, Mumbai’s ex-commissioner of police, along with an eclectic combination of professionals is refloating an asset reconstruction com...
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