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Blackstone ARC defaults on resolution plan for road asset, could face action

Infrastructure

01 June, 2022

Blackstone ARC defaults on resolution plan for road asset, could face action

Blackstone-backed International Asset Reconstruction Company (IARC) has opted out of its resolution plan for a southern stressed toll road asset, ......

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Blackstone-backed IARC's chief Anurag Das quits before end of term

Finance

23 May, 2022

Blackstone-backed IARC's chief Anurag Das quits before end of term

Blackstone-backed International Asset Reconstruction Company (IARC)'s top executive Anurag Das has resigned as the chief executive officer (CEO), two people ......

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Blackstone-backed IARC aims to yank a road out of bankruptcy

Infrastructure

12 April, 2021

Blackstone-backed IARC aims to yank a road out of bankruptcy

International Asset Reconstruction Company (IARC), backed by Blackstone, is set to acquire a southern toll road asset under the bankruptcy ......

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 ......

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Conglomerate, ARC, developer make shortlist for distressed realty firm HDIL

Infrastructure

04 August, 2020

Conglomerate, ARC, developer make shortlist for distressed realty firm HDIL

A diversified conglomerate, an asset reconstruction company and a real estate developer have been shortlisted from six suitors for Housing ......

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Blackstone's India bad loan arm plans to expand leadership team

People

03 March, 2020

Blackstone's India bad loan arm plans to expand leadership team

Global private equity giant Blackstone plans to grow the leadership team at its asset reconstruction arm in India, a top ......

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How bad loan buyer IARC performed in first year under new owner Blackstone

Finance

28 February, 2020

How bad loan buyer IARC performed in first year under new owner Blackstone

International Asset Reconstruction Co. Pvt. Ltd (IARC) resumed making bad-loan bets in its first year of operations under new majority ......

AION Capital, IARC execs on PE firms' stressed asset strategies and key problems

General

03 September, 2019

AION Capital, IARC execs on PE firms' stressed asset strategies and key problems

Many private equity firms that had showed interest in investing in stressed assets after the enactment of the Insolvency and ......

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VCCircle stressed assets summit: The rise in pre-packaged deals and other takeaways

General

08 August, 2019

VCCircle stressed assets summit: The rise in pre-packaged deals and other takeaways

Ever since the Reserve Bank of India brought out the ‘dirty dozen’ list of the country's biggest defaulters two years ......