PE investor JC Flowers emerges highest bidder for Sathavahana Ispat debt

PE investor JC Flowers emerges highest bidder for Sathavahana Ispat debt

Photo: Reuters

Lenders to Hyderabad-based Sathavahana Ispat Ltd have declared JC Flowers Asset Reconstruction Pvt. Ltd as the highest bidder for the company’s stressed loans, said a person aware of the development.