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OMKARA ARC
Omkara, Oaktree pay Rs 1,200 crore to buy GTL debt from EdelweissOmkara Asset Reconstruction Company and Oaktree Capital Management have acquired GTL Infrastructure's debt. The deal, valued at ₹1,200 cror...- Indian Hotels, ITC, EIH, others in race for Pune's Crowne PlazaIndian Hotels, ITC Hotels, and EIH are among many companies interested in buying Crowne Plaza in Pune. The hotel is being sold through a ba...
- IDBI Bank sells distressed Rs 6151 cr portfolio to Omkara ARCAt inter-se bidding held on Saturday (August 3), Omkara ARC gave the highest offer of Rs 652 crore, outbidding government-promoted National...
- 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...
- Twenty-Five Downtown Realty raised Rs 250 cr from OaktreeIt raised the money amid an ongoing dispute with DLF and Shapoorji group, which alleged that a Hubtown-linked entity connived with Omkara A...
- Omkara ARC acquires Park Hyatt Hyderabad's bad loans at 34% discountThe all-cash deal involved Omkara paying ₹300 crore to buy the ₹450 crore principal outstanding of Park Hyatt in Hyderabad, a 5-star luxury...
- ARCs vie for ACCIL Corp's Jaipur Hotel debtLast month, Omkara ARC beat competitor Asset Reconstruction Company of India (Arcil) with a ₹38 crore cash offer to Chennai-based Indian Ba...
- Union Bank receives binding bids for four loans of Rs 525 croreUnion Bank of India has received bids for four stressed loans worth more than ₹520 crore from ACCIL Corporation, SDB Developers, Jaypee Hea...
- NARCL, Omkara ARC in fray for Wind World debtState-owned National Asset Reconstruction Company (NARCL) and Manish Lalwani-promoted Omkara Assets Reconstruction Company (ARC) are in the...
- 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...
- DBS India puts ₹437-cr bad loans on the block, seeks all-cash bidsDBS India has invited bids for a counter bid for the portfolio of the NPAs, which should be at a minimum of 5% markup on the base price. Th...
- Piramal gets premium for Rs 531 crore residual bad loansThe Piramal Group has sold its bad loans worth ₹531 crore to Omkara Asset Reconstruction Co., including properties like a JW Marriott hotel...
- Omkara ARC buys Joyous' Rs 784-crore PNB Housing loanPNB Housing Finance had announced the successful resolution of its large corporate non-performing account (NPA) account valued at ₹784 cror...
- Piramal Capital sells bad loans to Omkara ARCThe non-banking finance company had called for bids under a cash-security receipt structure, based on an existing offer. Omkara Asset Recon...
- HDFC looks to sell Rs 2,000 crore stressed developer loansHousing Development Finance Corp (HDFC) is in talks with asset reconstruction companies to offload loans of about INR2,000 crore extended t...
- Piramal puts stressed realty loan portfolio on the blockPiramal Enterprises (PEL) and its subsidiary Piramal Capital & Housing Finance (PCHFL) have jointly invited bids for their real estate port...
- HDFC gets an all-cash offer from Omkara ARC for bad loan portfolioAccording to sources, three to four large asset reconstruction companies examined the portfolio, but HDFC ultimately received a bid from Om...
- RBI showcauses ARCs after audit following Income Tax raidsIn December 2021, the I-T department carried out a search and seizure of 60 premises of four ARCs - Omkara ARC, Rare ARC, CFM ARC, and Inve...
- Karaikal Port admitted for insolvency, Adani Ports & SEZ frontrunnerIn a rare instance, the National Company Law Tribunal heard and admitted a case for insolvency same day the lender, Omkara Asset Reconstruc...
- 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...
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