Huge opportunity for investors: MS Sahoo

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Updated: Sep 18, 2020 9:13 AM

Given the large size of the Indian economy, there will continue to be a steady flow of distressed assets for resolution under IBC, Insolvency and Bankruptcy Board of India chairman MS Sahoo said on Thursday.

India economic growth, India GDP, GDP may be slow in entire year CY 2020, what experts says on GDP data, economic outlook of India, COVID-19 Treatment, monetary policy, rate cut, more stimulus package, infrastructure investmentWith the entry of these internet giants, the IPO market could be on its way to become more appealing to retail investors.

Given the large size of the Indian economy, there will continue to be a steady flow of distressed assets for resolution under IBC, Insolvency and Bankruptcy Board of India chairman MS Sahoo said on Thursday. There is a lot of opportunity for both domestic and foreign investors to acquire viable distressed assets at “attractive prices”, Sahoo said at a virtual meet organised industry body Ficci.

Till June 2020, as many as 250 cases have been resolved under the IBC process, one third which were in deep distress, Sahoo said. “Besides rescuing these companies, creditors have recovered nearly 200% of liquidation value. In any other process, they could have recovered only 100% of liquidation value and these companies could
have died.”

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