CFM ARC Proposes Acquisition of Rs.5.80 Bn Debt of Harbour Heights at 34% Discount

28 Mar 2024 CW Team

CFM Asset Reconstruction Company (ARC) has made an offer to acquire debt worth ?5.80 billion owed by Harbour Heights at a discounted rate of 34%. This proposal underscores CFM ARC's strategy to address distressed assets in the real estate sector and reflects its confidence in the potential value of Harbour Heights' debt portfolio.

The proposed acquisition of Harbour Heights' debt at a discounted rate of 34% represents an opportunity for CFM ARC to capitalise on distressed assets and potentially realise substantial returns on investment. By acquiring the debt at a discounted price, CFM ARC aims to mitigate risk and optimise its asset portfolio while providing liquidity to Harbour Heights.

Harbour Heights, a real estate developer, has faced challenges in servicing its debt obligations, prompting CFM ARC's offer to purchase the debt at a discounted rate. The transaction would provide Harbour Heights with an opportunity to address its financial liabilities and streamline its operations, potentially paving the way for its financial recovery.

CFM ARC's offer to acquire Harbour Heights' debt at a discounted rate reflects its commitment to addressing non-performing assets and contributing to the resolution of distressed situations in the real estate sector. The proposal underscores CFM ARC's role in facilitating debt restructuring and supporting companies in financial distress.

As the negotiations between CFM ARC and Harbour Heights progress, stakeholders anticipate potential benefits for both parties. If the acquisition is successfully completed, it could provide Harbour Heights with much-needed financial relief while offering CFM ARC an opportunity to unlock value from distressed assets and drive returns for its stakeholders.

Infrastructure Urban

26 Jun 2026

PRS International marks 18 years of global advisory work

PRS International Group of Companies recently said it has strengthened its position as a sovereign-grade multinational advisory organisation, marking nearly 18 years of operations across strategic communications, institutional advisory and international cooperation. The Group, with headquarters in Washington, D.C. and New Delhi, said its work spans more than 190 countries and supports governments, multilateral institutions, investors, corporations and private clients. The organisation said its services cover government advisory, crisis management, trade and investment facilitation, nation bra..

dormakaba showcases access solutions at iDAC Chandigarh

dormakaba recently participated in iDAC Chandigarh 2026 at JW Marriott, engaging with architects, interior designers, developers, hospitality professionals and industry experts. The access solutions brand showcased a range of security and architectural products, including Mechanical Key Systems, Digital Cylinder, C Lever, Lever Handle, AIDO’s SLYNK Profiled Door System and Hotel Lock. The company said AIDO’s solutions added a design-led architectural and hospitality dimension to its presence at the event. The SLYNK Profiled Door System drew attention for supporting modern interiors where ..

Tata Power Secures Karnataka Transmission Project

Tata Power has won a power transmission project in Karnataka after emerging as the successful bidder in a tariff-based competitive bidding process run by PFC Consulting, a wholly owned subsidiary of Power Finance Corporation. The company received a Letter of Intent from PFC Consulting for a renewable energy evacuation scheme to be delivered under a Build, Own, Operate and Transfer model. The award follows a competitive selection and positions the firm to expand its transmission activities in the state. As part of the contract, Tata Power will acquire the special purpose vehicle (SPV) created f..