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BQ Exclusive: Altico Capital’s Lenders Lean Toward SSG Capital Resolution Plan
The Hong Kong-based distressed asset investor is also willing to issue security receipts for the remaining debt.
17 Feb 2020, 03:42 PM IST
Lenders to beleaguered real estate financier Altico Capital India Ltd., who are reviewing three resolution plans, may decide to go ahead with a bid from Hong Kong-based SSG Capital, according to two people in the know.Apart from SSG Capital, Cerberus Capital Management and Altico Capital’s promoters have also submitted resolution plans for the non-banking finance company. The bidders put in revised plans last week, improving on offer...
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