ARCs backed by Apollo, Avenue Capital, Kotak snap up road debt
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ARCs backed by Apollo, Avenue Capital, Kotak snap up road debt

By Beena Parmar

  • 15 Sep 2021
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ARCs backed by Apollo, Avenue Capital, Kotak snap up road debt

Three asset reconstruction firms -- Phoenix ARC, Arcion, and Asset Reconstruction Company India Ltd (Arcil) -- have bought more debt of a Ramky Infrastructure road taking their collective loan ownership to over 50% of the total Rs 1,440 crore debt, two persons in the know said. Avenue Capital-backed Arcil acquired Srinagar ......

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