Amid rising competition, Edelweiss ARC gets ready for next wave of NPAs

The company has already raised $1 bn along with Canadian pension fund, CDPQ to pick up debt of stressed assets in coming months

With top corporates led by the Aditya Birla group, Piramal-Bain and private equity firm KKR making big bang entry into the asset reconstruction business, India’s largest asset reconstruction firm, Edelweiss ARC is getting ready with its own arsenal to tap the next wave of bad loans which are expected to be sold by the banks in the coming months.

Lenders are currently sitting on bad loans worth at least Rs 10 trillion and will offer acquisition opportunity worth Rs 1.4 trillion to the Asset Reconstruction Companies (ARCs). "We estimate that there is huge market which will open up in the