Deal Highlights
Debt resolution through acquisition by Ares SSG, unanimously declared as successful resolution applicant by 100% financial creditors.
Deal Specifics
| Debt Size | INR 4,121.40 crores | |
| Recovery | ~72% of debt with 90% pay-out as upfront cash |
Interest Shown by Marquee Investors
| Ares SSG Capital Management (Singapore) Pte Ltd | ||
| Cerberus Asia Capital Management, LLC | ||
| Apollo Credit Management International Limited | ||
| Kotak Realty Fund | ||
| Clearwater Capital Partners* | ||
| Varde Partners* |
Testimonials
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Ares SSG
…our appreciation for the colossal effort put in by the SBICAPS team which helped us get there in the end. They have done a huge amount of heavy lifting on what was certainly a very complex transaction without ever complaining…
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IFC
We would also like to take this opportunity to thank SBICAPS team for leading the process so well
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Yes Bank
It is a great closure. Our finest compliments to SBI and SBICAPS for steering and supporting this
