Hedge Funds Boost Bids as Indian Shadow Bank Sale Nears End
Tower cranes operate at an Indiabulls Real Estate Ltd. commercial building construction site in the Lower Parel area of Mumbai, India. (Photographer: Dhiraj Singh/Bloomberg)

Hedge Funds Boost Bids as Indian Shadow Bank Sale Nears End

(Bloomberg) -- Indian shadow bank Altico Capital India Ltd. is inching toward the final stage of a debt restructuring that’s been keenly watched as the country grapples with a crisis in the industry.
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