IBBI To Conduct Roadshow In Hong Kong To Highlight Opportunities In Stressed Assets

Continuing with its efforts to build awareness on investment opportunities in the burgeoning stressed assets market in India, insolvency regulator IBBI, in association with FICCI, will hold a roadshow in Hong Kong next week.

It is reckoned that greater participation of investors in stressed assets will make the resolution process more competitive and ensure sustainable turnaround of stressed assets.

The roadshow — to be held during April 24-26 — follows the one held in New York and Toronto in December last year, official sources said.

An awareness building event was also conducted in London in September last year.

In India, the huge potential for resolution of stressed assets through the Insolvency and Bankruptcy Code (IBC) has been attracting interest from domestic and global investors. Already within a short span of time about 1,600 companies have been admitted into the corporate insolvency resolution process. About 400 of them have completed the process, either yielding resolution plans or ending up in liquidation.

The IBC seeks to unlock the true underlying value of stressed assets and ensure their sustainable turnaround.

Besides, a half-day conference to share the emerging investment opportunities in stressed assets, the roadshow will include meetings with focussed groups of potential investors and professional firms, sources in IBBI said. .