Rare Debt Recast Among India’s Shadow Banks May See 49% Haircut
Indian five hundred rupee banknotes are arranged for a photograph in Mumbai, India. (Photographer: Dhiraj Singh/Bloomberg)  

Rare Debt Recast Among India’s Shadow Banks May See 49% Haircut

(Bloomberg) -- Creditors to a struggling Indian shadow financier, once controlled by former billionaires Shivinder Singh and Malvinder Singh, are finalizing a rare debt recast in the sector by writ...
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