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

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

By Beena Parmar

  • 28 Feb 2020
Premium
How bad loan buyer IARC performed in first year under new owner Blackstone
Credit: Thinkstock

International Asset Reconstruction Co. Pvt. Ltd (IARC) resumed making bad-loan bets in its first year of operations under new majority owner Blackstone Group Inc., but a delay in recoveries dragged down its revenue and profit. The Mumbai-based buyer of soured debt made new investments totalling Rs 213 crore during the year ......

This is a Premium article. Please subscribe or log in to read the full story!

Here's a selection of our recent premium content.

Already a member? Click here to log in.
Advertisement
Advertisement
Google News Icon

Google News

Follow VCCircle on Google News for the latest updates on Business and Startup News