Brookfield and Everstone-backed IndoStar sells bad loans under a senior-junior structure under a Swiss auction. The senior class comprises 38-40% of the principal amount which Encore will pay as upfront cash. The junior class which is 60-62% of principal loan, is split into cash and security receipts. Of the junior class, IndoStar would receive cash and subscribe to the security receipts.
Stocks that will see action today: January 1, 2024 - The Hindu BusinessLine
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Stock Market Live Updates: Sensex and Nifty trade weak despite positive undercurrent; Coal India gain over 1%
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