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Why foreign investors find stressed Indian firms attractive
As the , a bunch of global investors is looking to snap up stressed Indian companies at a bargain.Earlier this month, Singapore-based DBS Group Holdings Lakshmi Vilas Bank, which was struggling with a massive bad loan problem. As per reports, another major global investor, New York-based Apollo Global Management, the small private bank.Similarly, several global investors are to take over the fraud-hit non-banking financial services firm Dewan Housing Finance, which since November last year. Last month, the US-based bargain hunter Oaktree Capital the NBFC for Rs 28,000 crore ($3.73 billion)....…As the , a bunch of global investors is looking to snap up stressed Indian companies at a bargain.Earlier this month, Singapore-based DBS Group Holdings Lakshmi Vilas Bank, which was struggling with a massive bad loan problem. As per reports, another major global investor, New York-based Apollo Global Management, the small private bank.Similarly, several global investors are to take over the fraud-hit non-banking financial services firm Dewan Housing Finance, which since November last year. Last month, the US-based bargain hunter Oaktree Capital the NBFC for Rs 28,000 crore ($3.73 billion)....WW…
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