Omkara Asset Reconstruction Company, in collaboration with Oaktree Capital Management, has successfully acquired ₹1,200 crore of debt from GTL Infrastructure in a secondary market transaction with Edelweiss Asset Reconstruction Company. This all-cash deal, completed in March, is part of a broader strategy to manage stressed debts within the asset reconstruction sector. The debt exposure stems from 2018 when Edelweiss, along with Oaktree and other investors, took on nearly 90% of GTL Infra's loans, originally valued at around ₹4,000 crore. GTL Infrastructure, which has defaulted on debts exceeding ₹11,000 crore, has undergone multiple restructuring attempts. The recent acquisition was prompted by Edelweiss's need to divest as its fund lifecycle neared completion. Analysts are optimistic about recovery prospects, citing the operational stability of GTL's telecom towers as a positive indicator. Omkara plans to exit the investment within two years through asset sales or negotiated settlements, aiming to resolve outstanding debts effectively.