By Anto Antony
As local and foreign investors line up to pick bargains out of Indias $207 billion bad-loan debacle, one of the countrys most seasoned managers of distressed assets has some sobering advice: Be prepared to stay for the long haul and deal with multiple setbacks.
Managing many of these complex assets on a day-to-day basis is going to be very tough, as this is not a market where you can just jump in and out and make money, said Vinayak Bahuguna, chief executive officer of Asset Reconstruction Company (India) Ltd., which has been buying bad loans for about 15 years.
India is embarking on its most far-reaching effort to break up distressed corporate borrowers and resolve soured debts, and global money-management titans fro…
Read the full article at: https://economictimes.indiatimes.com/markets/stocks/news/bad-debt-pioneer-has-sobering-advice-for-india-bargain-hunters/articleshow/61851538.cms
