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Monday, April 25, 2022

How a creditor revolt scuttled Ambani’s $3.2bn retail deal

The preferential treatment of bondholders riled banks enough to reject a $3.2 billion rescue deal from one of Asia’s richest men for a debt-laden unprofitable retail chain, according to people familiar with the matter.

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/5iX0bNL

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