Flexing newfound muscle they gained in a 2016 bankruptcy law, lenders in India are about to embark on a huge selloff of assets owned by companies that cant repay their debts. The assets — owned by steel, power, shipbuilding and construction companies — have been drawing interest from potential buyers including ArcelorMittal, the worlds biggest steelmaker, and billionaire Anil Agarwals resources giant. This prospective wave of deal-making could push mergers and acquisitions in India beyond the previous annual record of $83 billion, set in 2017.
1. How much is at stake?
In this first round of deals, lenders are seeking to resolve about 40 of the largest delinquent accounts with total outstanding debt of more than 4 trillion r…
Read the full article at: https://www.bloomberg.com/news/articles/2018-02-07/how-india-s-bankruptcy-law-redo-may-spur-m-a-heyday-quicktake
