JC Flowers likely to get Saraswat Bank's Rs 228-cr stressed loans, no other bidderThe 110 accounts the bank had put up for sale in the first week of January include SME accounts and some home loans from individual borrowe...
25 Feb, 2025, 06.05 AM IST
JC Flowers ARC gets two bids for Rs 3,903 crore of bad loansJC Flowers Asset Reconstruction Company received bids for two bad loan blocks totaling ₹3,900 crore. CFM ARC bid ₹78 crore for Carnival Cin...
06 Nov, 2024, 12.11 AM IST
NCLT rejects JC Flowers’ claim against HDIL, says collateral alone doesn’t meet IBC standardsThe NCLT dismissed JC Flowers ARC Pvt Ltd's liability claim against HDIL, ruling the debt was not a 'financial debt' under the IBC at the t...
27 Oct, 2024, 10.39 PM IST
ACRE submits Anchor bid to buy 5 Zee Group accountsAssets Care & Reconstruction Enterprise (ACRE) has made a bid to buy five non-performing loans related to Zee Group from JC Flowers ARC. Th...
21 Oct, 2024, 12.07 AM IST
Essel Group looks to clear JC Flowers' dues by JuneEssel Group, led by Subhash Chandra, aims to clear ₹1,500 crore debt by June. Positive talks with JC Flowers ARC ongoing. Assets like Dish ...
02 May, 2024, 11.45 PM IST
Yes Bank acquires additional stake in JC Flowers ARC, reinstates to 9.9%On November 28, 2022, the bank had acquired 9.9% of the equity share capital of JC Flower ARC, which fell to 5.01% as a result of certain c...
28 Oct, 2023, 10.06 AM IST
Anil Ambani's Reliance Innoventures admitted for insolvency proceedingsReliance Innoventures, a company owned by Anil Ambani, has been admitted for insolvency proceedings by the national company law tribunal (N...
20 Jun, 2023, 12.44 AM IST
Yes Bank transfers invoked shares of 7 cos to JC FlowersThe transfer of invoked shares is pursuant to assignment of loans sanctioned by the bank to Essel group companies (in respect of which defa...
22 Dec, 2022, 08.50 PM IST
Yes Bank assigns Rs 48,000 cr stressed asset loan portfolio to JC Flowers ARCThe bank had earlier declared JC Flowers Asset Reconstruction Private Limited (JC Flowers ARC) as the winner of the Swiss Challenge process...
17 Dec, 2022, 04.09 PM IST
Yes Bank okays sale of $6 billion stressed debt to JC Flowers“The Swiss Challenge process has now concluded and the Bank not having received any Challenger Bids to the Base Bid, the Board of Directors...
20 Sep, 2022, 08.59 PM IST
Sale of Yes Bank’s bad loans to take off soonJC Flowers ARC won the non-performing loan portfolio in an uncontested Swiss auction for Rs 11,183 crore, after Cerberus Capital and Asset ...
13 Sep, 2022, 11.16 AM IST
Cerberus-Arcil out of race to buy Yes loansYes Bank will soon declare JC Flowers ARC as the winner and will transfer its distressed loans to the firm, making it a virtually zero bad ...
09 Sep, 2022, 05.09 AM IST
Yes Bank to partner JC Flowers ARC to sell Rs 48k-crore bad loans"The bank has signed a binding term sheet with JC ARC LLC and JC Flowers Asset Reconstruction Private Ltd for strategic partnership in rela...
16 Jul, 2022, 12.15 AM IST
YES Bank picks JC Flowers ARC as base bidder for stressed loan portfolio; stock down 1%In a BSE filing, the lender said: "Pursuant to the enabling approval of the Board of Directors on May 06, 2022, and the final approval from...
15 Jul, 2022, 12.52 PM IST
Yes Bank picks JC Flowers ARC as JV partner to offload distressed loans worth Rs 48,000 crPrivate lender Yes Bank has signed a term sheet with JC Flowers Asset Reconstruction (ARC) for the sale of identified stressed loans of the...
15 Jul, 2022, 11.25 AM IST
Yes Bank picks JC Flowers ARC as JV partner to offload distressed loans worth Rs 51,000 croreYes Bank invited bids for its distressed loans portfolio, amounting to ₹51,000 crore, soon after the Reserve Bank of India in March 2021 re...
20 May, 2022, 03.43 PM IST
JC Flowers close to taking control of EPC company Soma EnterpriseJC Flowers & Co is set to take control of the road, metro and hydroelectric projects of Soma Enterprise, multiple people said, after most o...
22 Dec, 2021, 06.40 AM IST