Kotak Fund set to acquire its first road asset

"KSSF is taking control of the project by settling the dues of this company through a one-time settlement. The deal is likely to be completed before the end of this month. Banks are taking about a 50% haircut in this deal," one of the two persons cited above said. KSSF did not reply to an email seeking comment.

from Banking/Finance-Industry-Economic Times https://ift.tt/33h9G0d