Ares SSG-backed ARC set to lose bid for stressed home finance firm

By Beena Parmar

  • 16 Jun 2021
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Credit: Thinkstock

An Ares SSG-backed asset reconstruction company (ARC) is set to lose a potential bid to acquire assets of large debt-laden home financing company (HFC) as bankers zero in on the highest bidder.  Ahead of the final voting, lenders to Reliance Home Finance Ltd are likely to give the go-ahead to Authum ......

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