NEW DELHI: Bharti Group veteran Akhil Gupta and leading US private equity firm KKR will pick up a majority stake in an asset reconstruction company that will leverage the deal-making skills of the first and the deep pockets of the second in the hunt for ailing Indian firms that can be turned around. The two will buy into International Asset Reconstruction Co (IARC), which was set up by Tata Capital and HDFC Bank in 2002, in a multi-stage deal, said two people aware of the matter. The company h .. Read more at: http://economictimes.indiatimes.com/articleshow/50460948.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst
Source: Economic TimesAkhil Gupta, KKR to buy into asset recast company IARC of Tata Capital & HDFC Bank
Industry: Other 2016-01-06