Ambit to sell stake in ARC joint venture with JC Flowers to local, foreign firms

By Beena Parmar

  • 27 Mar 2019
Premium
Credit: 123RF.com

Ambit Pvt. Ltd is set to exit its asset reconstruction joint venture with US-based JC Flowers & Co. by selling its stake to two investors, including a foreign hedge fund, two people familiar with the development told VCCircle. Stressed asset investor Eight Capital Management and London-based Emso Asset Management will together ......

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