Acre ARC buys a clutch of distressed loans from HDFC

October 3, 2022

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.

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