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Credit, special opportunity deals appear more conducive now: Ruchir Sinha

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With a growing interest in delisting, is there a big opportunity for special situation/credit funds for promoter financing?

Are you seeing a lot of activity in this space, not just for delisting but also for promoter financing in general?Delisting and acquisition financing queries are clearly on the rise.

With banks facing liquidity and risk issues, alternate capital with customised solutions seem attractive. Structured commonly through collateralised redeemable bonds with pay-outs deferred until maturity, these bonds may have equity kickers built-in as well, in the form of redemption premium linked to any variable, such as underlying equity share price or cashflows.

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