The portfolio includes loans to Gurugram-based real estate developer Vatika Group (₹730 crore) and distressed Nirmal Lifestyle Kalyan (₹430 crore). Acre ARC paid ₹602 crore in an all-cash deal, representing a 49% haircut for HDFC, said a person familiar with the deal.
Bull market has resumed after bottoming out; PSUs will still lead the market but pockets have changed: Ramesh Damani
Ramesh Damani, a BSE member, emphasizes that the bull market has resumed with public sector stocks, particularly in defence and construction, leading the way. He