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PE funds ready war chest to buy loan defaulters' pie
Rediff.com

PE funds ready war chest to buy loan defaulters' pie

PE funds say they have enough money to buy two or three of the indebted companies and the issue is not cash but the management bandwidth to turn them around. Illustration: Dominic Xavier/Rediff.com Global private equity (PE) funds and strategic investors are ready with a war chest of over Rs 60,000 crore which they say will be needed to buy chunks of the 12 large companies that are undergoing insolvency proceedings in the National Company Law Tribunal.   “The math is simple: the 12 ... Rediff.com, 2 months ago
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