IDBI Bank rises 10% amid talks of selling stake in Arcil
IDBI Bank CFO Ajay Sharma said it has not initiated discussions with prospective buyers.
IDBI Bank in talks with Avenue Capital to sell stake in asset aggregator Arcil
Avenue will become the largest stakeholder if the sale gets RB...
Arcil FY19 recovery at 10-year high
Bad loan aggregator managed to sell more than 1500 properties across the country last fiscal.
Arcil FY19 recovery at 10-yr high
About 62 per cent of these recoveries went back to banks from where these assets were bought in exchange of security receipts.
ARCIL revives ailing Malwa Industries with working capital funding
Malwa Industries is one the few integrated denim manufacturers in the country with all activities from spinning to garmenting under one roof in India's cotton belt Ludhiana.
NY-based Avenue Capital picks up 27% stake in Arcil
The new bankruptcy framework has helped quicken the resolution process and increased opportunities in the distressed space.
Avenue Cap to pick up majority stake in Arcil for Rs 1,000 crore
Known for its deals in the distressed debt space, Avenue Capital will pump in about Rs 1,000 crore to acquire the stake, said one of the persons cited above.
A new approach to deal with stressed assets in making
The idea is to put in place a large ARC, which will step in to offer a better value to lenders, who are caught with an asset where it is tough to realise value and using the IBC may not be the best option.
Arcil profit multiplies as it focuses on recovery
Arcil said its net profit has increased eight times to Rs 67 crore in the year ended March 2015 from Rs 8 crore in March 2014.
Arcil targets comeback through mid-cap deals, fundraising
According to experts, foreign investors are likely to be the only source of funds for Arcil as domestic institutions do not fund such riskier assets.
Sakthi Sugars out of the woods post business recast: Arcil
Arcil, the country's oldest asset reconstruction company, bought 50% of Rs 1,100 crore loan that the sugar company had taken from five banks led by Bank of India.
Arcil names Vinayak Bahuguna as CEO and MD
The appointment has been done after receiving all necessary approval from the Reserve Bank, the company said in a release here today.
Vinayak Bahuguna appointed Arcil's Managing Director and CEO
The country's largest asset reconstruction company Arcil has appointed Vinayak Bahuguna as its managing director and chief executive officer.
Arcil set to take over Abhijeet Group's Jharkhand power unit
The oldest asset reconstruction company, Arcil, today said it is in final stages of taking possession of a large power plant with the Abhijeet Group.
Banks should charge 'right' prices for selling NPAs: Arcil
Asset reconstruction company Arcil said banks should charge the right price for selling their bad assets.
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