MUMBAI: About six months ago, a large Indian corporate with substantial debt on its books had several rounds of discussions with a few suitors to sell certain assets. The discussions, however, never materialized into anything concrete, making one of the suitors lament that the promoters were never serious about selling the assets in the first place. The scenario, however, changed after the lenders to the corporate forced it to divest the assets as they wanted to contain the borrower’s s .. Read more at: http://economictimes.indiatimes.com/articleshow/50293338.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst
Source: Economic TimesLenders drive M&As at debt-laden companies
Industry: Transport 2016-01-02
