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

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Financial services major Edelweiss group’s asset reconstruction company is expected to see a dip in debt purchase and recoveries this financial year.   The asset reconstruction company (ARC) aims to purchase stressed assets worth around Rs 3,000-5,000 crore ($414-550 million) for the entire financial year of 2020-21, Raj Kumar Bansal, managing ......