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Some asset reconstruction firms circumventing rules, says RBI deputy governor

Finance

29 May, 2024

Some asset reconstruction firms circumventing rules, says RBI deputy governor

Some Indian asset reconstruction companies (ARCs) have been circumventing regulations and have allowed themselves to be used for the evergreening ......

Cerberus, Oaktree, JC Flowers in race to buy stake in Yes Bank's proposed ARC

Finance

12 October, 2021

Cerberus, Oaktree, JC Flowers in race to buy stake in Yes Bank's proposed ARC

Three US-based entities including private equity (PE) fund Cerberus Capital Management, New York-based investor JC Flowers & Co. LLC and ......

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ARCs backed by Apollo, Avenue Capital, Kotak snap up road debt

Finance

15 September, 2021

ARCs backed by Apollo, Avenue Capital, Kotak snap up road debt

Three asset reconstruction firms -- Phoenix ARC, Arcion, and Asset Reconstruction Company India Ltd (Arcil) -- have bought more debt ......

CDPQ becomes 20% equity owner in Edelweiss ARC

Finance

07 September, 2021

CDPQ becomes 20% equity owner in Edelweiss ARC

CDPQ Private Equity Asia has picked up a 20% equity stake in Edelweiss Asset Reconstruction Company Ltd (EARC), Edelweiss said ......

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DMI Finance-backed ARC to launch $27 mn maiden distressed asset fund

Finance

02 September, 2021

DMI Finance-backed ARC to launch $27 mn maiden distressed asset fund

Non-bank lender DMI Finance-backed Alchemist Asset Reconstruction Company (ARC) Pvt Ltd has planned to launch its maiden alternative investment fund ......

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Ares SSG arm, four other investors acquire 100% debt of Jayaswal Neco

Manufacturing

27 August, 2021

Ares SSG arm, four other investors acquire 100% debt of Jayaswal Neco

More than two years after the initial agreement was signed, global asset managers Bank of America, Davidson Kempner Capital Management, ......

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UVARCL picks up 15% debt of engineering services firm from SBI

Finance

09 August, 2021

UVARCL picks up 15% debt of engineering services firm from SBI

UV Asset Reconstruction Company Ltd (UVARCL) has bought about 15% debt of a stressed construction and engineering services firm, two ......

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Legal hurdles could bedevil lenders efforts aimed at fresh bidding for RCom's telecom biz

TMT

08 July, 2021

Legal hurdles could bedevil lenders efforts aimed at fresh bidding for RCom's telecom biz

Lenders to Reliance Communications Ltd (RCom) are considering restarting the bidding process for the company's telecom business, which may create ......

IDBI Bank invites bids for its stake in Avenue Capital-backed Arcil

Finance

18 June, 2021

IDBI Bank invites bids for its stake in Avenue Capital-backed Arcil

IDBI Bank has invited bids for around 19% stake in Avenue Capital-backed Asset Reconstruction Company (India) Limited (Arcil) in order ......

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Mumbai-based ARC partners local investor to acquire stressed Odisha steel plant

Manufacturing

07 May, 2021

Mumbai-based ARC partners local investor to acquire stressed Odisha steel plant

A Mumbai-based asset reconstruction company (ARC), along with a local investor, has bought a stressed Kolkata-based firm that owns a ......