ACRE

ACRE to buy Union Bank’s Rs 411 crore Visa Steel Loan – ET Infra

MUMBAI: Asset Care and Reconstruction Enterprises (ACRE), an Ares Management-backed asset reconstruction company, is set to acquire a Visa Steel loan of Rs 411 crore from Union Bank of India after no other bidders participated in the Swiss Challenge process. Union Bank held an auction on August 28 after the binding offer by ACRE triggered […]

ACRE to buy Union Bank’s Rs 411 crore Visa Steel Loan – ET Infra Read More »

ACRE to buy Union Bank’s Rs 411 crore Visa Steel Loan – ET Infra

MUMBAI: Asset Care and Reconstruction Enterprises (ACRE), an Ares Management-backed asset reconstruction company, is set to acquire a Visa Steel loan of Rs 411 crore from Union Bank of India after no other bidders participated in the Swiss Challenge process. Union Bank held an auction on August 28 after the binding offer by ACRE triggered

ACRE to buy Union Bank’s Rs 411 crore Visa Steel Loan – ET Infra Read More »

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