IndoStar Capital invites counterbids to sell Rs 357 cr of stressed loans

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However, if multiple counterbids are received, the highest valid bid will be taken as the ‘challenger bid,’ and the base bidder will be asked to match or exceed the bid.

Brookfield and Everstone-backed IndoStar Capital Finance has invited counter bids by August 26.

The Mumbai-based shadow lender intends to complete the sale of the stressed assets by August 27.

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Article Details

Category: BusinessFinance

Markets: India

Topics: Stressed loans Counterbids IndoStar Capital IndoStar Loans Loans

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-25 @ 14:59:28 (6 hours ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 479 words

Reading Time: 3 minutes read

Sentences: 18 lines

Sentence Length: 27 words per sentence (average)

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Copyright Owner: © Business Standard

News ID: 22246989

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