Rapid Exit

The Economic Times - - Companies: Pursuit Of Profit -

Banks seem to have hit a wall over sell­ing stakes in a de­fault­ing com­pany as part of the so-called strate­gic debt re­struc­tur­ing pro­gramme. Prospec­tive buy­ers of a tex­tile firm seem to be hur­ry­ing away fear­ing di­ver­sion of funds. Banks are won­der­ing whether they jumped the gun with­out go­ing in for a foren­sic au­dit.

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