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Prudent ARC set to raise fresh capital for its AIF

Finance

17 August, 2021

Prudent ARC set to raise fresh capital for its AIF

New Delhi-based Prudent ARC Ltd is set to raise around Rs 450 crore (about $60.5 million) in the second scheme ......

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Nithia Capital, Prudent ARC, and 10 strategic players circle bankrupt steelmaker

Manufacturing

19 July, 2021

Nithia Capital, Prudent ARC, and 10 strategic players circle bankrupt steelmaker

Nithia Capital Resources Advisors LLP, Prudent ARC, Orissa Metaliks and other metal and steel firms are among 12 bidders for ......

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Gammon India Group's stressed bridge attracts only 3 bids as several drop out of race

Infrastructure

28 June, 2021

Gammon India Group's stressed bridge attracts only 3 bids as several drop out of race

Of the 11 suitors for a stressed subsidiary of Gammon India Group, only three infrastructure firms have submitted final bids ......

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Chennai consultancy gets greenlight to rescue power plant in Rajasthan

Infrastructure

13 April, 2021

Chennai consultancy gets greenlight to rescue power plant in Rajasthan

The bankruptcy tribunal has okayed a Chennai consultancy’s plan to rescue a power plant based in the Bikaner district.  Refex Industries’ ......

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Delhi based ARC raises most of targeted corpus for debut fund; invests in bankrupt power co

Finance

19 January, 2021

Delhi based ARC raises most of targeted corpus for debut fund; invests in bankrupt power co

A New Delhi based asset reconstruction company (ARC) has raised the majority of targeted commitments for its debut fund from ......

Grapevine: Prudent ARC, US fund eye Punj Lloyd; Super Vasmol up for sale

General

16 March, 2020

Grapevine: Prudent ARC, US fund eye Punj Lloyd; Super Vasmol up for sale

Prudent ARC and a US-based fund backed by a group of engineering companies have joined the race for Punj Lloyd ......

Hinduja Group loses interest in Jet Airways but two suitors still in fray

Infrastructure

16 January, 2020

Hinduja Group loses interest in Jet Airways but two suitors still in fray

UK-based Hinduja Group did not submit its interest for Jet Airways Ltd by the Wednesday deadline, a lender that is ......