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Lenders take control of cash-strapped engineering firm Aster

By Jyotindra Dubey

  • 14 Jun 2017
Premium
Lenders take control of cash-strapped engineering firm Aster

A group of lenders to Aster Pvt. Ltd has taken control of the Hyderabad-based engineering services provider after the company, which was backed by private equity firms until 2014, failed to repay debt.The lenders invoked the Reserve Bank of India’s strategic debt restructuring (SDR) mechanism to convert part of their ......

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