Indias corporate sector is in such flux that bankers and investors are constantly on alert for signs of distress. At the faintest whiff of misfortune or hint of corporate collapse, these predators get ready to pounce.
Thanks to a new insolvency tribunal and bankruptcy code, creditors have more clout and a greater chance of recovering their loans, while private equity and distressed debt investors see more opportunities to pick up the pieces.
This important change in the corporate landscape becomes apparent when Asiamoney visits an investment banker in Mumbai in late January. The interview is interrupted by rapid updates from a junior banker on the state of Zee Entertainment Enterprises share price, which falls 20%, then 30%, until the int…
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