Phoenix ARC
Finance
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 ......
Manufacturing
Lenders take steep haircut on another steel asset under liquidation process
Lenders have taken a massive haircut on the sale of a Kolkata-based stressed iron and steel firm whose majority debt ......
Manufacturing
Lenders take nearly 61% haircut in stressed MSP Sponge Iron OTS scheme
The promoters of Kolkata based MSP Sponge Iron Ltd have completed a one-time settlement (OTS) scheme with its consortium of ......
Consumer
Kotak group ARC to walk away from bankrupt textile firm
Kotak Mahindra Group’s asset reconstruction arm is set to exit a Mumbai-based bankrupt textile firm, a person told VCCircle. Phoenix ARC's ......
Manufacturing
Bankrupt textile firm on RBI defaulters list to be acquired at 84% discount
A fraud-hit, bankrupt readymade garments maker is being acquired by a consortium of buyers from India and the Middle East, ......
TMT
Private equity consortium takes scissors to agritech firm's debt
An asset reconstruction company (ARC), backed by Kotak Mahindra Group, has managed to sell a stressed agri biotech firm to a ......
Finance
Level the playing field for ARCs if bad bank pops up: Panellists at VCCircle event
As lenders urge the government for a bad bank anticipating a further surge in soured debt due to coronavirus, asset ......
Finance
Centrum-backed steel firm ropes in foreign investor to buy out debt purchasers
A steel firm backed by Centrum Group’s microlender Altura and Anand Rathi Group’s NBFC arm has roped in a foreign ......
General
Resurgent PE in race for Avantha asset; four suitors for Essel's transmission biz
Essel Infraprojects has shortlisted Tata Power, Sterlite Power, CLP India and Edelweiss Financial Services to sell its power transmission projects, ......
