Asset Reconstruction Company (India) Share Price

Asset Reconstruction Company India Limited (Arcil) is the first Asset Reconstruction Company in India registered with Reserve Bank of India (RBI) to carry the business of securitization or asset reconstruction. The company provides asset reconstruction services in India. It engages in the acquisition of nonperforming financial assets from Indian banks and financial institutions. The company was incorporated as a public limited company on February 11, 2002. During the year 20042005, the company set up of various trusts for the purpose of securitization, acquired total dues of Rs 8,978 crore from banks financial institution (sellers) at an acquisition price of Rs 1,934 crore. During the same year, the company acquired finacial assets from 24 sellers and in the same year, it acquired 366 assets with total dues of Rs 15,365 crore from 24 banks at a price of Rs 3,549 crore. During the year 20062007, the company acquired 316 NPA accounts from 23 banks /financial institutions (sellers) involving total dues of Rs 5,955 crore for an aggregate acquisition value of Rs 2,233 crore and in the process, established first time relationship with seven sellers.During the year 20072008, the company acquired from 40 banks financial institution (sellers) involving total dues of Rs 10,664 crore for an aggregate SR value of Rs 2,516 crore and in the process established first time relationship with 12 sellers. During the year, the company engaged in business with 51 India Banks and financial institution and acquired from NPAs with total dues of Rs 37,795 crore.During the year 20082009, the company started buying nonperforming retail loans, including home loans. The company launched the new service under a new division called Arms.