Investors offer massive haircuts for LIC’s $1 bn stressed loan accounts
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Investors offer massive haircuts for LIC’s $1 bn stressed loan accounts

By Beena Parmar

  • 28 Jul 2021
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Investors offer massive haircuts for LIC’s $1 bn stressed loan accounts
Credit: 123RF.com

At least five large investors including private equity players have bid very low to acquire stressed corporate loans worth about Rs 7,500 crore (around $1 billion) from the country’s biggest insurer Life Insurance Corporation of India (LIC), two people in the know told VCCircle.   Following this, the insurance giant has ......

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