Indranil Ghosh has quit Cerberus Capital to join Apollo Global, according to reports. Cerberus, which manages a $1-billion-plus India loan book, is a major financier of bonds from Shapoorji Pallonji group firms backed by Tata Sons shares, with roughly $700–800 million in exposure. Despite the leadership change, Cerberus’s India team reportedly hasn’t seen broader staff movement.
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