Edelweiss, which had acquired Adhunik via the insolvency resolution route, had been gradually monetising its exposure through asset sales and repayments. The latest deal marks the end of Edelweiss's ...

has alleged that controlling shareholders diverted at least Rs 1,800 crore from the asset reconstruction firm; the company has strongly denied any wrongdoing. A majority of the 24-member ...

Balasubramanian is a part of EARC for almost 5 years and has over four decades of experience in banking, NPA resolution, and the Insolvency and Bankruptcy Code (IBC) processes. CDPQ entered into a ...

In a big shock to Edelweiss Asset Reconstruction (ARC) Company, the Reserve Bank of India (RBI) declined to reappoint RK Bansal as MD and CEO for the third time. The 66-year-old RK Bansal had ...

ECL Finance and Edelweiss Asset Reconstruction Company Ltd (EARCL) have assured stakeholders that they will comply with the recommendation of the Reserve Bank of India (RBI). On May 29 ...

In October 2024, Edelweiss assets under management of all mutual funds amounted to 1.42 trillion rupees ($16.8 billion). The business has grown through organic development and through ...

to Edelweiss Asset Reconstruction Company Ltd. (EARC). The sale consideration proceeds of ₹31.43 crores comprises ₹6.29 crores paid in cash and ₹25.14 crores in the form of Security Receipts ...

Edelweiss Financial Services Limited ... asset management, asset reconstruction, and insurance businesses. The company currently serves approximately 9.73 million customers through 255 offices ...