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Edelweiss ARC

RBI cracks down on CDPQ-backed Edelweiss ARC, ECL Finance for rule violations

Finance

29 May, 2024

RBI cracks down on CDPQ-backed Edelweiss ARC, ECL Finance for rule violations

The Reserve Bank of India on Wednesday imposed restrictions on Edelweiss Asset Reconstruction Company Ltd and group company ECL Finance ......

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Grapevine: Sony may call off India unit merger with Zee; IndoStar sells stressed asset portfolio

General

08 January, 2024

Grapevine: Sony may call off India unit merger with Zee; IndoStar sells stressed asset portfolio

Japanese media major Sony may call of the merger of its India unit with homegrown media conglomerate Zee Entertainment over ......

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, ......

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 ......

Edelweiss ARC completes acquisition of 10% stake in Tilaknagar Industries

Consumer

01 June, 2021

Edelweiss ARC completes acquisition of 10% stake in Tilaknagar Industries

Edelweiss Asset Reconstruction Company Ltd has completed its acquisition of a minority stake in Tilaknagar Industries Ltd as part of ......

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NCLT rejects Edelweiss ARC's plea for Mumbai-based water park's bankruptcy

Finance

21 April, 2021

NCLT rejects Edelweiss ARC's plea for Mumbai-based water park's bankruptcy

The National Company Law Tribunal (NCLT) has rejected a bankruptcy plea filed by the Edelweiss Assets Reconstruction Company Ltd (ARC) ......

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CDPQ says it takes allegations against Edelweiss seriously

Finance

22 March, 2021

CDPQ says it takes allegations against Edelweiss seriously

Canadian pension fund CDPQ said it is taking "seriously" allegations against Edelweiss Group, in which it is an investor.  Last week, ......

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Covid dents Edelweiss ARC's debt purchase by at least 40%

Finance

17 March, 2021

Covid dents Edelweiss ARC's debt purchase by at least 40%

Financial services major Edelweiss group’s asset reconstruction company is expected to see a dip in debt purchase and recoveries this ......

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ARC prepares to swoop in on steel firm even as lenders near one-time settlement

Manufacturing

02 December, 2020

ARC prepares to swoop in on steel firm even as lenders near one-time settlement

A top asset reconstruction company (ARC) is circling a steel maker even as lenders near a one-time settlement (OTS) with ......

Grapevine: ARCIL, others bid for Reliance Commercial Finance; Tatas' Air India bid soon

General

14 August, 2020

Grapevine: ARCIL, others bid for Reliance Commercial Finance; Tatas' Air India bid soon

Thirteen investors submitted bids for Reliance Commercial Finance, which is undergoing an insolvency process, after lenders led by Bank of ......