IIFL Finance Sells Stressed Realty Loans to ARC in Q1 FY25

13 Aug 2024 CW Team

IIFL Finance has taken a strategic step to manage its asset portfolio by offloading distressed commercial real estate loans to an Asset Reconstruction Company (ARC) in the first quarter of FY25. This move is part of the company's broader strategy to address and mitigate the impact of stressed assets on its balance sheet.

The transfer of these troubled loans is expected to improve IIFL Finance?s financial health and enhance its operational efficiency. By shifting these high-risk assets to an ARC, the company aims to streamline its focus on more profitable and stable ventures, thereby strengthening its overall financial position.

This decision reflects a growing trend among financial institutions to offload non-performing assets to specialised entities that can better manage and recover value from distressed assets. It is also seen as a proactive measure to safeguard the company?s financial stability and maintain investor confidence.

The impact of this transaction is anticipated to be positive, allowing IIFL Finance to better allocate resources and concentrate on its core business areas while leaving the resolution of stressed assets to experts in asset reconstruction.

Infrastructure Urban

05 Nov 2025

TBO Tek Q2 Profit Climbs 12%, Revenue Surges 26% YoY

TBO Tek Limited one of the world’s largest travel distribution platforms, reported a solid performance for Q2 FY26 with a 26 per cent year-on-year increase in revenue to Rs 5.68 billion, reflecting broad-based growth and improving profitability.The company recorded a Gross Transaction Value (GTV) of Rs 8,901 crore, up 12 per cent YoY, driven by strong performance across Europe, MEA, and APAC regions. Adjusted EBITDA before acquisition-related costs stood at Rs 1.04 billion, up 16 per cent YoY, translating into an 18.32 per cent margin compared to 16.56 per cent in Q1 FY26. Profit after tax r..

Northern Graphite, Rain Carbon Secure R&D Grant for Greener Battery Materials

Northern Graphite Corporation and Rain Carbon Canada Inc, a subsidiary of Rain Carbon Inc, have jointly received up to C$860,000 (€530,000) in funding under the Canada–Germany Collaborative Industrial Research and Development Programme to develop sustainable battery anode materials.The two-year, C$2.2 million project aims to transform natural graphite processing by-products into high-performance, battery-grade anode material (BAM). Supported by the National Research Council of Canada Industrial Research Assistance Programme (NRC IRAP) and Germany’s Federal Ministry for Economic Affairs a..

Antony Waste Q2 Revenue Jumps 16%; Subsidiary Wins Rs 3,200 Cr WtE Projects

Antony Waste Handling Cell Limited (AWHCL), a leading player in India’s municipal solid waste management sector, announced a 16 per cent year-on-year increase in total operating revenue to Rs 2.33 billion for Q2 FY26. The growth was driven by higher waste volumes, escalated contracts, and strong operational execution.EBITDA rose 18 per cent to Rs 570 million, with margins steady at 21.6 per cent, while profit after tax stood at Rs 173 million, up 13 per cent YoY. Revenue from Municipal Solid Waste Collection and Transportation (MSW C&T) reached Rs 1.605 billion, and MSW Processing re..