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Blackstone enters Indian stressed assets biz, buys stake in ARC

By Swet Sarika

  • 22 Mar 2018
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Blackstone enters Indian stressed assets biz, buys stake in ARC
Credit: Reuters

US private equity firm Blackstone Group LP has set its foot in India’s distressed asset space with a majority stake in an asset reconstruction company (ARC), two people familiar with the development told VCCircle.Blackstone has bought a majority stake in Mumbai-based International Asset Reconstruction Co Pvt Ltd (IARC), the people ......

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