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

By Beena Parmar

  • 28 Feb 2020
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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 ......

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