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Wednesday, July 18, 2012 - 17:44 IST
PE-backed infrastructure company NCC planning to sell some power assets
BY Sneha Shah
Also backed by ChrysCap, Beacon PE and Rakesh Jhunjhunwala, NCC (formerly Nagarjuna Construction) is one of the big loss-making investment bets of Blackstone in India.
Blackstone-backed NCC Ltd (formerly Nagarjuna Construction Co Ltd) is looking to sell some of its existing power assets to pare debt, two people with knowledge of the company’s plans told VCCircle.
NCC, which was earlier looking at partnering...
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