Edelweiss Arc

RBI rejects Raj Kumar Bansal's reappointment as Edelweiss ARC MD, CEO

Edelweiss Group crisis: The development followed days after the RBI cracked down on the Edelweiss group in May, imposing major business restrictions on two of its subsidiary companies

No role in banks' selling loans to Edelweiss ARC: GTL Infrastructure

The company continues to operate in normal course of business and does not see any material impact on the operations of the company and cooperate with authorities, the statement said

Will cooperate with authorities probing Desai death: Edelweiss ARC

Edelweiss Asset Reconstruction Company on Thursday promised full cooperation with authorities investigating the death of noted art director Nitin Desai. The financial services company, which had successfully initiated insolvency proceedings against Desai's company ND Art World just last week, said it is committed to the legal process. "We are committed to fully cooperating with all the relevant authorities. Our commitment to transparency, cooperation, and adherence to the legal process remains steadfast," it said in a statement. The company communication came hours after Deputy Chief Minister Devendra Fadnavis announced a probe into the role of the creditors after ruling BJP's lawmaker Ashish Shelar named EARC and the group's chairman Rashesh Shah. ND's Art World Pvt Ltd had borrowed Rs 185 crore through two loans from ECL Finance, an arm of the Edelweiss Group, in 2016 and 2018, and troubles with repayments started in January 2020. The outstanding dues went up to Rs 252 crore ...

RBI's revised ARC norms improve governance; may shake up industry

Three players -- JM Financial ARC, Edelweiss ARC, and ARCIL -- have a dominant presence in the sector with a sound capital base and management bandwidth

NARCL revises CEO Natarajan Sundar's salary to market rates: Report

In a bid to attract experienced talent, the National Asset Reconstruction Co Ltd (NARCL) has increased the total remuneration of its chief executive, Natarajan Sundar to Rs 1.7 crore

Edelweiss ARC plans to deploy Rs 1,200 crore to acquire bad loans

With improving business environment, it has pegged recoveries to between Rs 5,000 crore and Rs 6,000 crore in FY23. Its assets under management (AUM) stood at Rs 40,251 crore at the end of March 2022

Corporate affairs ministry investigates irregularities at Edelweiss ARC

Its shares were locked in the 5 per cent lower circuit on the BSE on Thursday at Rs 80.20 following reports of the probe

Enforcement Directorate examines Edelweiss ARC investment in Kohinoor group

The IL&FS group has made loan and equity investment to the tune of Rs 1,000 crore in Kohinoor for development purposes

Edelweiss ARC to raise Rs 500 cr via debentures

The assets under management stood at Rs 41,680 crore

Edelweiss ARC moves NCLAT against Synergies Dooray

NCLAT has admitted Edelweiss ARC's appeal

Edelweiss ARC builds war chest to shop for NPAs

Plans to invest Rs 12,000-13,000 crore over the next two-three years

Edelweiss ARC buys Essar Steel loans from Axis Bank

Four private banks, including ICICI Bank, Federal Bank, had sold part of their exposure to Essar group entities to a Edelweiss group entity