🇮🇳 India
4d ago
Omkara, Oaktree pay Rs 1,200 crore to buy GTL debt from Edelweiss
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Omkara Asset Reconstruction Company and Oaktree Capital Management have acquired GTL Infrastructure's debt. The deal, valued at ₹1,200 crore, was a cash transaction. Edelweiss Asset Reconstruction Company exited the exposure. Investors anticipate improved recovery prospects for the telecom tower company. Omkara aims for an exit within two years through asset sales or settlement.
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