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