asset reconstruction company Archives

Phoenix ARC: Phoenix ARC buys two stressed loans from IIFL

Mumbai: Kotak Mahindra Bank-sponsored asset reconstruction company Phoenix ARC has bought ₹1,800 crore of two real estate developer loans from IIFL in a structured deal, offering around 83% recovery to …

Shriram Capital plans a new ARC for retail bad loans

by Tudur Aled

Shriram Capital, the holding company for the financial services in the Shriram Group will invest Rs 300 crore to start a new business aggregating retail bad loans as it seek …