Edelweiss ARC

Three players -- JM Financial ARC, Edelweiss ARC, and ARCIL -- have a dominant presence in the sector with a sound capital base and management bandwidth

In a bid to attract experienced talent, the National Asset Reconstruction Co Ltd (NARCL) has increased the total remuneration of its chief executive, Natarajan Sundar to Rs 1.7 crore

With improving business environment, it has pegged recoveries to between Rs 5,000 crore and Rs 6,000 crore in FY23. Its assets under management (AUM) stood at Rs 40,251 crore at the end of March 2022

Its shares were locked in the 5 per cent lower circuit on the BSE on Thursday at Rs 80.20 following reports of the probe

The IL&FS group has made loan and equity investment to the tune of Rs 1,000 crore in Kohinoor for development purposes

The assets under management stood at Rs 41,680 crore

NCLAT has admitted Edelweiss ARC's appeal

Plans to invest Rs 12,000-13,000 crore over the next two-three years

Four private banks, including ICICI Bank, Federal Bank, had sold part of their exposure to Essar group entities to a Edelweiss group entity