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Shriram Capital applies for Asset Reconstruction Company licence with RBI

He further added that the ARC will be 100 percent subsidiary of Shriram Capital.

Umesh revankarAsset reconstruction companyExecutive vice chairmanShriram financeReserve bankShriram capital

Shriram Group to start ARC, build wealth management

The company will also expand it asset management business by building a wealth management as it seeks to deepen relationships with its depositors.

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Lanco unit lenders to consider improved Adani Power offer

Lenders of Lanco Amarkantak Power are considering an improved offer from Adani Power, as the revised bid of Rs 3,650 crore surpasses the previous lender-approved plan and Adani s earlier offer. In January, lenders approved a Rs 3,020 crore plan from a consortium led by Power Finance Corporation (PFC), and Adani Power had initially offered Rs 2,950 crore.

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muthoot: Muthoot Finance sells Rs 725 crore distressed gold loan portfolio to Arcil

Muthoot Finance has sold a gold loan portfolio worth Rs 725 crore to Asset Reconstruction Company of India (Arcil), marking the first time a lender has sold such a portfolio to an asset reconstruction company. Muthoot Finance did not take a significant hit on the sale as the value of gold has appreciated.

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CG Power to undertake ₹347-cr capacity expansion across units

CG Power to undertake ₹347-cr capacity expansion across units
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