Bain-Piramal ARC seals second distressed debt deal

By Beena Parmar

  • 03 Jan 2020
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Credit: 123RF.com

The asset reconstruction joint venture of Piramal Enterprises Ltd and Bain Capital Credit has bought a portfolio of loans from a non-bank lender in its second distressed debt transaction, a person privy to the development said. India Resurgence ARC Pvt. Ltd has purchased SME loans with a face value of Rs ......

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