Edelweiss Arc

Balasubramanian is a part of EARC for almost 5 years and has over four decades of experience in banking, NPA resolution, and the Insolvency and Bankruptcy Code (IBC) processes.

RBI lifts business restrictions on ECL Finance, Edelweiss ARC after successful remedial measures

The central bank had originally announced the restrictions in May, directing ECL Finance to stop taking any structured transactions in respect of its wholesale exposures, while ordering Edelweiss ARC to pause acquiring financial assets

Will ARCs join the IBC bandwagon following Reserve Bank's latest rule change? 

RBI’s move could increase the number of participants in the resolution process under the bankruptcy code, consequently offering banks better value for stressed assets, say experts

CDPQ becomes a sponsor of Edelweiss ARC, holds 20% equity stake

CDPQ entered into a long-term partnership agreement with Edelweiss Group in October 2016 and invested to acquire a 20% equity stake in Edelweiss Asset Reconstruction Company.

Private ARCs moving to retail loans as national bad bank nearing reality

The Rs 1.5-lakh-crore asset reconstruction market comprises over a dozen players led by Edelweiss ARC that controls over 30 per cent of the market, and the soon-to-be operationalised national bad bank.

Edelweiss moves NCLAT against Synergies Dooray debt recast

Country's biggest ARC has also complained to Insolvency and Bankruptcy Board of India about what it has called partisan actions by Mamta Binani

ARCs bought bad loans worth Rs 35k cr in FY17; ICICI Bank, Axis Bank top sellers

Edelweiss ARC bought almost two-thirds of the NPAs, which were worth Rs 22,000 crore.

JLF okays sale of Adhunik Power to Edelweiss ARC

After a lull, there may finally be some activity as far as the sale of stressed assets is concerned with banks all set to sign the deal for debt-ridden Adhunik Power. CNBC-TV18'S Ritu Singh gives more details.

Lenders get 2 offers for Uttam Galva; to meet next week to mull deal: Sources

The company was put on the block by lenders in a bid to recover Rs 5500 crore. State Bank of India, which heads the 18-member consortium of lenders, was leading the efforts.

SBI-led consortium defers stake sale in Adhunik Power: Sources

A consortium of banks led by State Bank of India have postponed the sale of stake they hold in Adhunik Power and Natural Resources in spite of receiving multiple offers, people aware of the developments told CNBC-TV18.

Axis Bank sells Rs 1k-cr Essar Steel exposure to Edelweiss ARC

Axis Bank has sold its entire exposure worth about Rs 1,000 crore in Essar Steel to Edelweiss ARC, according to people privy to the development. With this the bank joins ICICI Bank and HDFC Bank to sell exposure in Essar Steel reports CNBC-TV18‘s Ritu Singh.

Canadian Pension Fund, 2 others eye stake in Edelweiss ARC

According to ET reports, three fund managers from Canada, Scandinavia and Korea are at the negotiation stage with Edelweiss ARC to buy.

How Chanda Kochhar's plan for ICICI Bank seems to be working

ICICI Bank has made the right moves so far -- sold Essar Steel's bad loans to an asset reconstruction company, exited a credit information company, sold stake in its insurance venture. All these measures have to be seen in the context of managing director Chanda Kochhar's larger strategy to make the bank a lean, mean machine.

Arcil targets comeback through mid-cap deals, fundraising

Country's oldest asset reconstruction company Arcil has blamed an "overheated market" for its slow pace of snapping up bad assets in recent years, but asserted that it will regain its past eminence by focusing on mid-cap deals and undertake a fundraising exercise this fiscal.

Edelweiss ARC eyes stake sale, to raise around Rs 2,000 cr

Country's largest asset reconstruction company, which already enjoys over 40 percent market with an asset under management of Rs 25,000 crore, has been approached by a few offshore funds to buy into it and is looking at all proposals.

Bharati Shipyard: Debt Takeover

Bharati Shipyard: Debt Takeover

Arshiya Intl lenders begin offloading loan to ARCs

Sources say the company has Rs 3,000-crore exposure to banks. Edelweiss ARC has bought Rs 1,200 crore loan from State Bank of Mysore (SBM), State Bank of Travancore (SBT) and State Bank of Hyderabad (SBH).

Bharati Shipyard up 15%, Edelweiss may infuse funds into co

"Edelweiss Asset Reconstruction Company is looking to raise up to USD 100 million (Rs 634 crore) for Bharati Shipyard from foreign investors by April in an effort to infuse liquidity into the cash-strapped shipbuilder," a media report said quoting managing director Vijay Kumar.