JC Flowers ARC, Cantor Fitzgerald mop up debt of road developer at huge discount
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JC Flowers ARC, Cantor Fitzgerald mop up debt of road developer at huge discount

By Beena Parmar

  • 05 Jan 2021
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JC Flowers ARC, Cantor Fitzgerald mop up debt of road developer at huge discount
Credit: Reuters

JC Flowers Asset Reconstruction Company (JCFARC) has teamed up with New York headquartered financial services firm Cantor Fitzgerald to acquire more than half of the debt of a stressed road developer at an over 80% discount. As many as four lenders to debt-ridden Chennai Elevated Tollway Ltd have sold their loan ......

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