Edelweiss Asset Reconstruction Company

On May 29, the central bank announced supervisory actions against ECL Finance Limited and Edelweiss Asset Reconstruction Company Limited citing material supervisory concerns

MC Explains | All you need to know about business restrictions on ECL Finance, Edelweiss ARC by RBI

Both the companies have been directed to strengthen their assurance functions to ensure regulatory compliance in letter and spirit at all times, the RBI said.

MCA orders inspection of Edelweiss Asset Reconstruction Company’s books after whistleblower complaint to PMO

Paras Kuhad, a former additional solicitor general of India and 14 percent shareholder in EARC along with his family, has alleged that controlling shareholders diverted at least Rs 1,800 crore from the asset reconstruction firm; the company has strongly denied any wrongdoing.

Edelweiss ARC buys Adhunik Power debt for Rs 2,800 crore

A majority of the 24-member consortium, led by SBI, sold stake in the Kolkata-based power firm under the 15:85 structure, where for the first time lenders would receive Rs 420 crore as upfront cash on sale of distressed assets.

Edelweiss ARC restructures debt of Arshiya Group

The objective of the restructuring was to realign its debt with focus to turn-around the operations of the company.

Edelweiss up 11% on Group's partnership with North American fund

Edelweiss Financial Services shares surged more than 11 percent intraday to hit Rs 126, the highest level since January 2008, on Monday after the North American pension fund manager CPDQ announced a long-term partnership agreement with Edelweiss Group.

Bharati Shipyard loan: Edelweiss calls for debt aggregation

It can be noted that Edelweiss ARC has been buying over stressed loans of lenders from banks since last year and is now planning a Rs 4,500 crore restructuring for the ailing company