Live Breaking News & Updates on Asset Reconstruction

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Subhash Chandra: Essel Group looks to clear JC Flowers' dues by June

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. ....

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India ARC: RBI issues Master Direction for Asset Reconstruction Companies

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 ....

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RBI Issues Master Direction for Asset Reconstruction Companies

RBI Issues Master Direction for Asset Reconstruction Companies
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Race for Yes Bank: Japan's MUFG, SMBC weigh majority stake buyout in lender

The State Bank of India-led consortium, which rescued Yes Bank in 2020, is now considering selling its stake. ....

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IndusInd International Holdings Limited (IIHL) to partner with Invesco and acquire 60% stake in Invesco India Asset Management Limited (IAMI)

IndusInd International Holdings Limited (IIHL) to partner with Invesco and acquire 60% stake in Invesco India Asset Management Limited (IAMI)
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