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Phoenix ARC Acquires Stressed Real Estate Loans from IIFL in a Boost for Recovery

Phoenix ARC, backed by Kotak Mahindra Bank, bought two stressed loans for ₹1,800 crore from IIFL, committing to an 83% recovery rate for the Fairfax-supported non-bank lender. The ₹1,500 crore acquisition was made in an open auction, with Phoenix ARC being the lone bidder.

By Admin

  • 10th Apr 2024
  • 1361 Views
How Will The Acquisition of a 7 Acre Plus Land Parcel in Surat by The Phoenix Mills Impact The Surat Real Estate Market?

How Will The Acquisition of a 7 Acre Plus Land Parcel in Surat by The Phoenix Mills Impact The Surat Real Estate Market?

By Admin

  • 26th Dec 2022
  • 1684 Views
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