How the frustration of buying stressed assets in India is deterring PE funds

By Shailaja Sharma

  • 28 Jun 2018
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Credit: Thinkstock

In March, Dalmia Bharat Ltd and a joint fund of private equity firm Bain Capital and Piramal Enterprises Ltd won a bid to acquire debt-laden Binani Cement Ltd. Well, almost.A committee of creditors for the bankrupt cement firm had selected the resolution plan by Dalmia and India Resurgence Fund (IndiaRF) ......

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