Piramal and Bain join hands for Debt Fund
- September 2, 2016
- Posted by: Bicon Consultants
- Category: Asset Reconstruction, Debt restructuring, Scheme for Sustainable Structuring of Stressed Assets, Uncategorized
Piramal Enterprises an Ajay Piramal flagship company and Bain Capital Credit have signed a memorandum of understanding (MoU) to create a strategic partnership to invest in stressed assets and restructuring situations in India. The cumulative stressed corporate assets, where gross non performing assets (NPAs) of 40 listed banks stand at whooping 5.82 trillion rupees.