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Avenue Capital hikes stake in Mumbai-based ARC

Finance

19 May, 2022

Avenue Capital hikes stake in Mumbai-based ARC

US-based Avenue Capital has acquired additional stake in Asset Reconstruction Company (India) Ltd (Arcil) from public sector lender IDBI Bank, ......

Ares SSG arm-Reliance and Welspun among 4 bidders to acquire stressed Sintex Industries

Manufacturing

13 December, 2021

Ares SSG arm-Reliance and Welspun among 4 bidders to acquire stressed Sintex Industries

Billionaire Mukesh Ambani-owned Reliance Industries (RIL) has partnered with Ares SSG Capital-backed Assets Care & Reconstruction Enterprise Ltd (ACRE) to be among ......

Ares SSG's ARC arm, Edelweiss, others bid for bankrupt Sintex Industries

Consumer

27 October, 2021

Ares SSG's ARC arm, Edelweiss, others bid for bankrupt Sintex Industries

Ares SSG Capital-backed Assets Care & Reconstruction Enterprise Ltd (ACRE), Varde Capital-backed Aditya Birla Asset Reconstruction Company and Avenue Capital-backed ......

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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 ......

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Stressed assets wrap: Resolutions nosedive; withdrawals and admitted cases soar in Aug

Finance

03 September, 2021

Stressed assets wrap: Resolutions nosedive; withdrawals and admitted cases soar in Aug

Three large deals stole the news, with one Jayaswal Neco Industries witnessing closure while two big resolution plans – Jet ......

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Investors offer massive haircuts for LIC's $1 bn stressed loan accounts

Finance

28 July, 2021

Investors offer massive haircuts for LIC's $1 bn stressed loan accounts

At least five large investors including private equity players have bid very low to acquire stressed corporate loans worth about ......

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Gammon India Group's stressed bridge attracts only 3 bids as several drop out of race

Infrastructure

28 June, 2021

Gammon India Group's stressed bridge attracts only 3 bids as several drop out of race

Of the 11 suitors for a stressed subsidiary of Gammon India Group, only three infrastructure firms have submitted final bids ......

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

Finance

16 June, 2021

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

An Ares SSG-backed asset reconstruction company (ARC) is set to lose a potential bid to acquire assets of large debt-laden ......

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Arcil backer Avenue Capital raises commitments for new Asia focused fund

Finance

18 May, 2021

Arcil backer Avenue Capital raises commitments for new Asia focused fund

New York-based investment firm Avenue Capital Group, an investor in Asset Reconstruction Company (India) Ltd or Arcil, is raising its ......