Edelweiss Asset Reconstruction Company

SBI and Avenue Capital-backed ARCIL to offer 105 million shares in an IPO through an offer for sale; IIFL, IDBI Capital, and JM Financial to manage the issue

Following RBI curbs in FY25, Edelweiss ARC plans to invest up to ₹1,000 crore in stressed assets and targets ₹6,000 crore in recoveries, led by corporate and retail

ARCIL's bid translates into a recovery of 9% for the lender

The initial uptick in Edelweiss Financial Services share came after the RBI, with immediate effect, lifted the restrictions imposed on ECL Finance, and Edelweiss ARC

RBI, in May this year, imposed business restrictions on ECL Finance and Edelweiss ARC

No plans to become BC for gold loan business

AnZen Trust has acquired two operating inter-state transmission assets, located in the states of Punjab, Haryana and Bihar

The new norms succinctly sum up the RBI's view on how some of the ARCs have been run

The corporate affairs ministry is inspecting books of accounts at the financial services firm

A bad bank will do nothing to solve the problems

Others in the race were SBI Funds Management, Reliance Nippon Life Asset Management, UTI Asset Management Company and Aditya Birla Sun Life AMC

As rightly pointed out by the learned RP, MFL cannot be termed as a related party

To invest about Rs 5,000 crore over four years in stressed assets and specialised corporate credit in India