It’s SSG vs Cerberus as Altico takeover reaches last lap

SSG’s final offer after multiple revisions is an upfront cash payment of Rs 2,700 crore and a oneyear employment guarantee for the management team. Cerberus has offered Rs 2,600 crore in immediate cash payments and Rs 450 crore in security receipts, a kind of debt instrument backed by financial assets, to be paid when able.

from Banking/Finance-Industry-Economic Times https://ift.tt/2T2ap0L