Acre ARC set to purchase Indiabulls assets SECTIONS Share Synopsis The deal is yet another attempt by the Sameer Gehlaut-led Indiabulls Group to shed capital-intensive assets as it moves to a new business model based on fees and trailing income. Getty Images Los Angeles-based $149 billion Ares Management Corp-backed asset reconstruction company, Assets Care & Reconstruction Enterprise (Acre), has agreed to buyout a majority of the assets owned by Sameer Gehlaut-promoted Indiabulls ARC in a deal likely to be signed as soon as Friday, two people associated with the transaction said. The deal is yet another attempt by the Sameer Gehlaut-led Indiabulls Group to shed capital-intensive assets as it moves to a new business model based on fees and trailing income.