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PHOENIX ARC
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 ...- Quote of the day by Stephenie Meyer: ‘I like the night. Without the dark, we'd never…’ Compelling words by the Twilight author that inspire hope beyond life’s shadowsQuote of the day: As literature continues to shape conversations around mental health, personal growth, and emotional resilience, voices li...
- NCLT excludes Phoenix ARC from Committee of Creditors in Hotel Horizon caseThe NCLT partially approved Hotel Horizon's promoters' plea, excluding Phoenix ARC's claim from the CIRP due to limitation. Oberoi Realty's...
- Kotak Mahindra Group backed Phoenix ARC puts Rs 3,550 cr loans on salePhoenix ARC, supported by Kotak Mahindra Group, has sought buyers for over Rs 3,550 crore in non-performing assets, split between secured a...
- 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...
- Phoenix ARC buys two stressed loans from IIFLIt has offered 15% cash and 85% security receipts for the loans that include one project in Noida and another in Jogeshwari, Mumbai. Phoeni...
- Kotak-backed Phoenix ARC, Edelweiss keen to acquire SBI loan to HNGKotak Mahindra Bank-backed Phoenix ARC and Edelweiss Asset Reconstruction Company are interested in acquiring State Bank of India's loan to...
- IndoStar Capital sells two builder loans to Phoenix ARCThe recovery rate is considered good given that these loans were overdue by around 60 days. "The recovery was good as the loan accounts wer...
- Nisus Finance, Phoenix ARC invest nearly Rs 100 cr in Ahmedabad commercial projectNisus Finance Group and Phoenix ARC have invested approximately Rs 100 crore in a commercial project called Swaminarayan Business Park in A...
- L&T Finance sells real estate loans to Phoenix ARC for over Rs 1,000 crThe portfolio included six real estate accounts sold for ₹1,075 crore, equating to a 60% recovery for L&T Finance, the people said. The fin...
- Phoenix ARC buys a clutch of bad loans for Rs 1,500 crorePhoenix ARC bought two loan portfolios from Bandhan Bank worth over ₹4,900 crore for ₹740 crore, equating to a recovery of 15%. Bandhan Ban...
- Arcil offers Rs 700 cr for L&T Fin's Xrbia bookArcil offered ₹700 crore in a combination of cash and security receipts for a portfolio of ₹880 crore, the people said. The ARC's offer wou...
- Phoenix ARC said to have made binding offer for Bandhan loansAn offer of ₹739 crore by Phoenix ARC, made early this week to acquire Bandhan's two pools of bad loans, has triggered a Swiss Challenge au...
- Phoenix ARC may sell Mittal Corp to Shyam SelPhoenix ARC is the largest debtholder after bank lenders sold their loans at a Swiss challenge auction for ₹405 crore last October. The loa...
- Bandhan in talks to sell stressed microloans to Phoenix ARCOn Wednesday, Bandhan Bank invited expressions of interest for selling over 1.8 million loan accounts aggregating to a loan book of ₹8,897 ...
- NARCL declines to match Phoenix ARC's bid for Mittal CorpPhoenix's offer was 78% higher than the ₹228 crore from NARCL, and more importantly, it was on a full cash basis in contrast with the 85% s...
- Phoenix ARC makes highest offer of Rs 405 crore for Mittal Corp under Swiss auctionPhoenix ARC gave a Rs 405 crore bid for the bankrupt steel maker, against the anchor offer of Rs 228 crore from National Asset Reconstructi...
- Kotak Mahindra bank backed Phoenix ARC set to acquire Bank of India's VVF (India) loanCentral Bank of India and State Bank are among VVF's lenders, and they too are proposing to sell their debt soon. VVF’s other lenders inclu...
- Phoenix ARC in talks with banks to acquire VVF India loansThe offer, which equates to a recovery of 50% for the state-owned bank, has triggered a Swiss challenge auction which is scheduled for Apri...
- HDFC Bank offloads Rs 2,188 crore distressed retail loans to ARCsHDFC Bank has been selling retail loan portfolios in the last fortnight of every quarter. In the quarters ended June and December, Phoenix ...
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