Piramal partners with Bain for Indian distressed assets

The pair are eyeing the opportunity to restructure Indian business, with a focus on the infrastructure sector.

India’s Piramal Enterprises has signed a Memorandum of Understanding (MOU) with Bain Capital to invest in restructure situations in India.

The pair aim to establish a platform and either lend directly or acquiring debt to help businesses restructure.

The platform will look to invest across all industries, other than real estate, and have a particular focus on India’s infrastructure sector where strong growth prospects are predicted.

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