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

06 Apr 2026

InsideFPV Delivers ₹10 Crore Kamikaze Drone Order Under MoD’s EPR Route

InsideFPV, a Surat-based drone technology manufacturer, has successfully executed a ₹10 crore defence contract to supply indigenous kamikaze drones under the Ministry of Defence’s Emergency Procurement Route (EPR). The company completed the delivery of hundreds of FPV kamikaze drone platforms within a rapid two-month timeframe, highlighting its ability to meet urgent military procurement timelines.The supply orders were fulfilled under the emergency procurement mechanism, which is aimed at fast-tracking acquisitions for immediate operational needs. InsideFPV’s quick execution reflects it..

Vedanta Resources Secures Fitch Upgrade to ‘BB-’, Best Rating Since 2015

Vedanta Resources Limited (VRL), a global player in metals, oil & gas, critical minerals, power and technology, has received a credit rating upgrade from Fitch Ratings, marking its strongest bond rating in over a decade.Fitch has raised Vedanta Resources’ Long-Term Foreign-Currency Issuer Default Rating (IDR) to ‘BB-’ from ‘B+’, while maintaining a Stable Outlook. The agency also upgraded VRL’s senior unsecured rating, along with the ratings of US dollar-denominated bonds issued by Vedanta Resources Finance II Plc and guaranteed by VRL, to ‘BB-’.The upgrade represents Vedan..

NAREDCO NextGen NCR Chapter Launched

The NAREDCO NextGen NCR Chapter was recently launched at Excelerate 2026 in Mumbai, marking a key step towards integrating emerging real estate leaders from the National Capital Region with the national platform. The initiative aims to promote sustainable and responsible urban development through collaboration and knowledge exchange.The event brought together young developers, entrepreneurs, and professionals from across NCR, including Noida, Gurugram, Ghaziabad, Faridabad, Bhiwadi, and Meerut. Discussions focused on urban development, finance, sustainability, innovation, and policy, emphasisi..