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Phoenix ARC Pvt Ltd declared winner of part of stressed loan portfolio of Muthoot Capital Services Limited

Phoenix ARC Pvt Ltd declared winner of part of stressed loan portfolio of Muthoot Capital Services Limited
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HRAB backs market rehab - Baguio Midland Courier

■ Hanna C. Lacsamana “It’s long overdue.” The Hotel and Restaurant Association of Baguio (HRAB) has expressed its full support to the revitalization, development, and modernization of the Baguio City Public Market. In a public statement published in the Midland Courier on Sept. 17, the HRAB said the initiative of the city government under Mayor

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DOTr reviewing bids for MRT-3 • Lorenz S Marasigan

The government will accommodate its planned public auction and the unsolicited proposals for the redevelopment and operations and maintenance of the Metro Rail Transit (MRT) Line 3 concurrently, a ranking government official said. Transportation Undersecretary Timothy Batan said aside from Metro Pacific Investment Corp. (MPIC), diversified conglomerate San Miguel Corp. (SMC) also submitted an unsolicited

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With no counter bids, NARCL emerges as a successful bidder to acquire Dharani Sugars

With no counter bids, NARCL emerges as a successful bidder to acquire Dharani Sugars
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Dharani Sugars bid puts ARCs on par with NARCL

Private asset reconstruction companies (ARCs) in India are now on an equal footing with the government-owned bad bank NARCL. This comes after private ARCs sought clarification on how to compute the net present value (NPV) based on the initial bid of ₹235.9 crore in the Dharani Sugars case. Banks responded by stating that the comparison value remains ₹235.9 crore, regardless of the payment structure. This allows private ARCs to value their bid at ₹235.9 crore on an all-cash basis or ₹331 crore using a cash to security receipt structure.

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