Essel Group, led by Subhash Chandra, aims to clear ₹1,500 crore debt by June. Positive talks with JC Flowers ARC ongoing. Assets like Dish TV, Zee Learn may be released upon payment. Seeking buyers for debt settlement.
The Reserve Bank of India (RBI) issues Master Direction to Asset Reconstruction Companies (ARCs), critical for resolving stressed financial assets and improving the health of the financial system. The directive outlines requirements for ARCs, including minimum net owned fund, registration, investment limitations, capital adequacy, leadership tenure, and reporting of irregularities
RBI Issues Master Direction for Asset Reconstruction Companies aninews.in - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from aninews.in Daily Mail and Mail on Sunday newspapers.
IndusInd International Holdings Limited (IIHL) to partner with Invesco and acquire 60% stake in Invesco India Asset Management Limited (IAMI) orissadiary.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from orissadiary.com Daily Mail and Mail on Sunday newspapers.