Reliance Asset Reconstruction Company Limited
Reliance Asset Reconstruction Company Limited (Reliance ARC) is a premier asset reconstruction company, the principal sponsor / shareholder of which is the Reliance Group (through Reliance Capital Limited). The other sponsors / shareholders are Corporation Bank, Indian Bank, GIC of India, Dacecroft and Blue Ridge.
Reliance ARC has adopted a buyer driven model for acquisition of NPAs (individual as well as portfolio cases) in cash (of course, if selling banks choose to remain invested, they will have the option to subscribe to the Security Receipts).
Reliance ARC would prioritize larger cases requiring restructuring / strategic sale envisaging funds (including equity) infusion for revival at the borrower level. Reliance ARC will also acquire cases for which the resolution strategy envisaged is settlement with the promoters / strip sale of assets through the legal route.
To be the leading player in a healthy and robust financial market place targeted at economically beneficial resolution of NPAs and thereby contribute to the growth and development of the economy