UV ARC acquires cement maker’s debt to expand mid-market operations

By Beena Parmar

  • 01 Jul 2019
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Credit: VCCircle

UV Asset Reconstruction Company Ltd is close to acquiring the entire debt of a distressed cement manufacturing company, as it seeks to expand its presence in the mid-market segment. The company is buying the debt of Kolkata-based Burnpur Cement Ltd outside of the insolvency process in a transaction that would mean ......

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