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Assets Care & Reconstruction Enterprise
LEI 335800BZH92LTFQKO435

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Organization name
Assets Care & Reconstruction Enterprise Limited
Country name
India
Country of registration
India
Industry
Other Financial Institutions
Public debt
177 mln USD

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Profile

Assets Care & Reconstruction Enterprise ltd (ACRE), set up as an Assets reconstruction Company (ARC) under the provisions of SARFAESI Act 2002, helps banks and FIs to clean their books through acquisition of the Non Performing financial assets. In India , ARCs function in a regulated environment under the provisions of a special enactment, Securitization and Reconstruction of the Financial Assets and Enforcement of Security Interest Act, 2002 [SARFAESI],creating value for distressed/ Sick and non-performing financial assets with banks and Financial Institutions.

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Codes

  • LEI
    335800BZH92LTFQKO435
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