SSG Capital only investor in talks to acquire $1 billion worth of loans from Standard Chartered’s offshore book, but at 30% discount.
“It is important to assess the right price for such assets and make the sale as soon as possible, instead of sitting on them and waiting for a deal,” said Nirmal Gangwal, founder and managing director of Brescon Corporate Advisors (P) Ltd—a debt restructuring and turnaround advisory firm.
