Baxter Financial Services, an IFSC-based foreign currency trading firm, has sourced investment from a Dubai investment group as it seeks to pull itself back from the brink of bankruptcy.
The investment comes as a court-appointed examiner begins the process of devising a financial rescue package for Baxter, which has been battling regulatory issues in recent weeks. The examiner was appointed last week, on a petition from Baxter's directors.
Sabban Capital, which has extensive international interests,...
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