A worker stands at a construction site in Mumbai, India. (Photographer: Dhiraj Singh/Bloomberg)
Lenders to beleaguered real estate financier Altico Capital India Ltd., who are reviewing three resolution plans, may decide to go ahead with a bid from Hong Kong-based SSG Capital, according to two people in the know.Apart from SSG Capital, Cerberus Capital Management and Altico Capital’s promoters have also submitted resolution plans for the non-banking finance company. The bidders put in revised plans last week, improving on offer...