StanChart's stressed assets sale in India draws lacklustre response

StanChart's stressed assets sale in India draws lacklustre response

Photo: Mint

Standard Chartered Plc, which is in talks to sell $1.5 billion of stressed loans including those made to Essar Group and Cairn Energy Ltd, has drawn lukewarm interest from distressed-asset buyers for the offshore loans that form a big chunk of what the lender plans to sell.

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