 "In March, HCC said it would raise ~1,750 crore through monetisation of claims through a transaction with BlackRock")
Infrastructure companies are looking at monetisation of litigation claims for their assets abroad.
There have been at least two instances of monetisation of domestic claims, by Hindustan Construction Company (HCC) and Patel Engineering. After which, said Deepto Roy, partner with law firm Shardul Amarchand Mangaldas, companies are exploring the same option overseas.
Under this, infra companies would transfer their interest in pending claims with various agencies to a third party, in return for upfront payment. “We have been approached by a few companies in India for overseas claims,” said Ravi Chachra, chairman and managing partner, Eight Capital.
HCC and Punj
