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PRUDENT ARC
Canara Bank-led consortium sells KTPL's Rs 520-crore debt to Prudent ARCA lenders' consortium led by Canara Bank has successfully sold ₹520 crore of Karanja Terminal and Logistics (KTPL) debt to Prudent ARC thro...- Six ARCs show interest in DLI Logistics' ₹923-cr debtAsset reconstruction companies are showing interest in DLI Logistics Ltd. A promoter proposed a settlement of ₹590 crore against outstandin...
- Canara Bank recovers 90% in Karanja Terminal saleCanara Bank is set for better recovery from Karanja Terminal & Logistics. A price discovery process attracted higher bids for the asset. Th...
- Karanja Terminal promoters offer Rs 472 crore as settlement to lendersKaranja Terminal & Logistics' promoters, led by Nikhil Gandhi, have proposed a ₹472 crore settlement to Canara Bank and other lenders again...
- IDBI SASF gets 18 offers for bad loansIDBI Bank's Stressed Assets Stabilisation Fund (SASF) aims to recover 11.59% by selling non-performing loans worth ₹6,151 crore.
- 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...
- Six ARCs acquire 55% of KSK Mahanadi Power's Rs 29,330-crore debtSix ARCs, led by Aditya Birla and Kotak Mahindra-backed, control majority debt in KSK Mahanadi Power due to lenders' exits amid debt resolu...
- Top ARCs vie for three road projects, metals company metenereSeveral asset reconstruction companies including global fund JC Flowers ARC and Varde Partners-backed Aditya Birla ARC are participating in...
- Yes Bank set to recover 50% of dues from sale of Katerra India debtAfter this, Yes Bank held a Swiss challenge auction with Prudent ARC's offer as an anchor offer, giving the ARC the first right to match an...
- 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...
- JC Flower ARC, Prudent submit bids for two NPAs of Yes BankIn the initial bidding process, Prudent ARC made an offer of ₹165.6 crore for Katerra India, while JC Flower ARC proposed ₹133 crore for In...
- 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...
- IFCI gets binding bid from ACRE for Barwa Adda debtCurrently, there are three contenders vying to acquire this debt, including Prudent ARC and Asset Reconstruction Company India (ARCIL) othe...
- Punj Lloyd fails to attract any bidder in second round of e-auctionDebt-ridden engineering company Punj Lloyd has failed to attract any buyers in the second round of e-auctions conducted by its liquidator. ...
- HDFC looks at promoter offer for two Radisson Blu hotelsThe total outstanding loan for the hotel properties amounts to ₹507 crore. The portfolio consists of loans provided to KAD Housing and KAJ ...
- HDFC to hold auction of two hotels after Prudent ARC makes binding offerPrudent ARC's binding offer of ₹311 crore has triggered a Swiss challenge auction for the hotel properties with total loans of ₹507 crore. ...
- 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...
- ONGC Videsh, Prudent ARC make binding offers for Venugopal Dhoot's VOVLLenders led by the State Bank of India are hoping to recover at least one-third of loans or ₹9,000 crore-₹10,000 crore given to VOVL, earli...
- Prudent ARC, US-based fund join the race for Punj LloydThe two new contenders are yet to clear legal scrutiny for conformity with the bidding guidelines, according to the people. Bankers are sai...
- Budget 2017: Banks can encash SR issued by ARC and raise capitalJaitley said that the move “will enhance capital flows into the securitization industry and will particularly be helpful to deal with bank ...
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