Liberty House : A passage to India
After a global acquisition spree, British industrialist Sanjeev Gupta is looking to buy at least four distressed Indian companies.
After a global acquisition spree, British industrialist Sanjeev Gupta is looking to buy at least four distressed Indian companies.
British tycoon Sanjeev Gupta is set to enter India after Committee of Creditors approve Liberty House’s bid for Adhunik Metaliks which was under the bankruptcy resolution process.
Tata Steel’s acquisition of Bhushan Steel under the Insolvency and Bankruptcy Code provides hope for the future. Yet, the law is still crying out for further fine-tuning.
British tycoon Sanjeev Gupta has acquired distressed assets across the world and has bid for four bankrupt companies in India. But he finds decision-making in India too slow.