Reliance ARC to buy Rs 250-cr of bad debt

Reliance ARC to buy Rs 250-cr of bad debt Reliance Asset Reconstruction Company, promoted by ADA Group firm Reliance Capital, expects to acquire bad assets of about Rs 250 crore in the next six months. “So far, we have got little but we expect to acquire stressed assets to the tune of Rs 250 crore by March 2009,” Reliance Capital CEO Sam Ghosh said. The company is in talks with some entities for taking over stressed assets, he said, adding the average ticket size would be about Rs 20 crore.