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Prudent ARC set to raise fresh capital for its AIF

Finance

17 August, 2021

Prudent ARC set to raise fresh capital for its AIF

New Delhi-based Prudent ARC Ltd is set to raise around Rs 450 crore (about $60.5 million) in the second scheme ......

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Indiabulls group looks to sell ARC arm as pandemic bites

Finance

26 November, 2020

Indiabulls group looks to sell ARC arm as pandemic bites

Indiabulls group has decided to put up its four-year-old asset reconstruction company (ARC) for sale as it looks to exit ......

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Phoenix ARC expects activity to pick up in Jan-March: Chief exec

People

09 November, 2020

Phoenix ARC expects activity to pick up in Jan-March: Chief exec

Phoenix ARC Private Limited, sponsored by Kotak Mahindra Group, witnessed a spike in profit for April-September on a year-on-year basis. The ......

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Level the playing field for ARCs if bad bank pops up: Panellists at VCCircle event

Finance

06 August, 2020

Level the playing field for ARCs if bad bank pops up: Panellists at VCCircle event

As lenders urge the government for a bad bank anticipating a further surge in soured debt due to coronavirus, asset ......

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Why calls for pre-packaged IBC deals, easing ban on promoters are getting louder

Finance

15 May, 2020

Why calls for pre-packaged IBC deals, easing ban on promoters are getting louder

A pre-packaged deal mechanism for stressed assets and lifting a ban on promoters from bidding for the companies they once ......

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Stressed assets in bankruptcy tribunal face flurry of renegotiations amid corona scare

Finance

07 May, 2020

Stressed assets in bankruptcy tribunal face flurry of renegotiations amid corona scare

Coronavirus has set off a flurry of renegotiations for distressed assets falling under the Insolvency and Bankruptcy Code (IBC) besides ......

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Stressed assets on pause for now but coronavirus aftermath poses shakeout risks

Finance

03 April, 2020

Stressed assets on pause for now but coronavirus aftermath poses shakeout risks

Even as the entire stressed asset ecosystem is almost on pause in the pandemic, both buyers and sellers are bracing ......

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What the SC order on stressed assets means for ARCs, PE funds, strategic buyers

Economy

04 April, 2019

What the SC order on stressed assets means for ARCs, PE funds, strategic buyers

The Supreme Court (SC) order quashing the central bank’s framework on bad loans may give more shopping time to investors, ......