Rahul Satija
Stories by Rahul Satija
Oaktree, Apollo lead global giants looking to invest in distressed Indian assets
Funds have pumped $1.5b in distressed assets this year, 55% more in 2019.
People’s Bank of China raises stake in HDFC to over 1%
The PBOC held about a 0.8% stake at the end of March 2019.
Kotak-backed fund’s bet on stressed asset is boon for debt cleanup
Kotak Special Situations Fund invested 5 billion rupees ($69 million) in beleaguered Jindal Stainless Ltd., India’s largest stainless steel producer
Hedge funds Cerberus, SSG compete over Indian shadow bank Altico
Cerberus submitted a bid for ailing Altico last week, after getting an extension from an initial deadline.
Deutsche Bank doubles down on Indian shadow lender Altico’s debt
Deutsche Bank has almost doubled the debt it holds of Altico Capital to $42 million in the last four months.
Bad loans swell at real estate-focused Indian lender Altico
Creditors are seeking external bids to compete with a shareholder-sponsored restructuring plan.
India’s Kotak Investment Advisors halts bid for Altico Capital
Cerberus Capital Management LP and SSG Capital Management are now the only remaining external bidders.
Apollo, Varde pull out of race for troubled Indian NBFC Altico Capital
That leaves Cerberus Capital, SSG Capital, and Kotak Investment Advisors Ltd in the race.
PE firms scout for bargains amid India’s shadow bank crisis
Private equity firms have invested about $2 billion this year in the country’s non-bank financing sector, which is worth some $40 billion.
Ex-Deutsche veteran Ravneet Gill faces tightrope walk at Yes Bank helm
While Kapoor stepped aside as CEO in January, tensions between Yes and the regulator have persisted, and it now falls to Gill to ease them.
