Live Breaking News & Updates on Prudent arc

Stay informed with the latest breaking news from Prudent arc on our comprehensive webpage. Get up-to-the-minute updates on local events, politics, business, entertainment, and more. Our dedicated team of journalists delivers timely and reliable news, ensuring you're always in the know. Discover firsthand accounts, expert analysis, and exclusive interviews, all in one convenient destination. Don't miss a beat — visit our webpage for real-time breaking news in Prudent arc and stay connected to the pulse of your community

Six ARCs acquire 55% of KSK Mahanadi Power's Rs 29,330-crore debt

Six ARCs, led by Aditya Birla and Kotak Mahindra-backed, control majority debt in KSK Mahanadi Power due to lenders' exits amid debt resolution delays. Prudent ARC recently acquired debt through a Swiss auction, ensuring an 80% recovery for the lender."}

Chhattisgarh , India , Mahanadi , India-general- , Baroda , Gujarat , Switzerland , Swiss , Aditya-birla , Sumit-binani , Kotak-mahindra-bank-phoenix , Asset-reconstruction-company-of-india-arcil

Yes Bank: Yes Bank set to recover 50% of dues from sale of Katerra India debt

After this, Yes Bank held a Swiss challenge auction with Prudent ARC's offer as an anchor offer, giving the ARC the first right to match any counter-offer the private lender would receive. Arcil gave a counter-offer of ₹203.4 crore, which Prudent ARC matched on Monday, the people cited above said. Prudent ARC and Yes Bank are expected to close the transaction this month end, the people said.

Bank-share-price , Axis-bank-share-price , Nifty-track , Economic-times-news-app , Daily-market-updates , Live-business , Economic-times-prime , Economic-times , Paper-online , Trending-stocks , Share-price

Yes Bank: Yes Bank set to recover 50% of dues from sale of Katerra India debt

After this, Yes Bank held a Swiss challenge auction with Prudent ARC's offer as an anchor offer, giving the ARC the first right to match any counter-offer the private lender would receive. Arcil gave a counter-offer of ₹203.4 crore, which Prudent ARC matched on Monday, the people cited above said. Prudent ARC and Yes Bank are expected to close the transaction this month end, the people said.

Business-news , Breaking-newsbudget , Latest-news-updates , Economic-times , Economic-times-news-app , Daily-market-updates , Live-business , Yes-bank , Katerra-india , Prudent-arc , Asset-reconstruction-of-india

Prudent Arc Limited vs Rashi Enterprises And Anr on 3 October, 2023

Prudent Arc Limited vs Rashi Enterprises And Anr on 3 October, 2023
indiankanoon.org - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from indiankanoon.org Daily Mail and Mail on Sunday newspapers.

Calcutta , West-bengal , India , Swatarup-banerjee , Shrayashee-das , Himanshu-bhawsinghka , Rohit-banerjee , Calcutta-high-court , Prudent-arc , Civil-jurisdiction , Query-alert-service , Rashi-enterprises-and-anr

ifci: IFCI gets binding bid from ACRE for Barwa Adda debt

Currently, there are three contenders vying to acquire this debt, including Prudent ARC and Asset Reconstruction Company India (ARCIL) other than ACRE ARC with Neo Asset Management.

Barwa , Uttar-pradesh , India , Panagarh , West-bengal , Switzerland , Swiss , Development-plan , Asset-reconstruction-company-india , Asset-care-reconstruction-enterprise-limited , Barwa-adda-expressway

Punj Lloyd fails to attract any bidder in second round of e-auction

Debt-ridden engineering company Punj Lloyd has failed to attract any buyers in the second round of e-auctions conducted by its liquidator. The auction, conducted on the directions of the National Company Law Tribunal, had a reserved price of Rs 1,061 crore on a going concern basis. This comes after the company also failed to find buyers in the first round of e-auctions.

New-delhi , Delhi , India , Punj-lloyd , Punj-lloyd-ltd , National-company-law-tribunal , Asset-sale-process-memorandum , Lloyd-ltd , Reserve-price , Principal-bench , Prudent-arc , Payard-investments

Punj Lloyd: Punj Llyod fails to get bids in second auction

Punj Lloyd, a debt-ridden engineering company, has failed to receive bids in the second e-auction for its sale. The reserve price was deemed too high, and the sale price was inflated by intangible assets with uncertain realization timeframes. The liquidator, appointed by NCLT, will need to approach the shareholders' consultative committee to reconsider the reserve price.

Punj-lloyd , National-company-law-tribunal , Bankrupt-punj-lloyd , Payard-investments , Nclt , Prudent-arc , Icici-bank ,

hdfc: HDFC looks at promoter offer for two Radisson Blu hotels

The total outstanding loan for the hotel properties amounts to ₹507 crore. The portfolio consists of loans provided to KAD Housing and KAJ Infrastructure, both entities promoted by DP Jain and his family that operate two five-star hotels in Ghaziabad, namely Radisson Blu Kaushambi and Radisson Blu Hotel, as reported by ET on June 23.

Ghaziabad , Uttar-pradesh , India , Switzerland , New-delhi , Delhi , Swiss , Alvarez-marsal , Radisson-blu-kaushambi , Radisson-blu , Bank-on , Radisson-blu-hotel

hdfc: HDFC looks at promoter offer for two Radisson Blu hotels

The total outstanding loan for the hotel properties amounts to ₹507 crore. The portfolio consists of loans provided to KAD Housing and KAJ Infrastructure, both entities promoted by DP Jain and his family that operate two five-star hotels in Ghaziabad, namely Radisson Blu Kaushambi and Radisson Blu Hotel, as reported by ET on June 23.

Switzerland , Ghaziabad , Uttar-pradesh , India , New-delhi , Delhi , Swiss , Alvarez-marsal , Radisson-blu , Radisson-blu-kaushambi , Bank-on , Radisson-blu-hotel

HDFC expected to sell loan portfolio of 2 Ghaziabad-based five-star hotels to Prudent ARC: Report

HDFC is set to sell a loan portfolio of two five-star hotels in Ghaziabad to Prudent Asset Reconstruction for ₹311 crore, resulting in a 61 percent recovery.

India , Switzerland , Swiss , Credila-financial-services-ltd , Bank-limited , Credila-financial-services , Housing-development-finance-corporation , Housing-development , Life-insurance-company , Competition-commission-of-india , Bank-ltd