Bain-Piramal fund’s equity deal with drugmaker comes unstuck

An 18-month-old equity deal that a distressed assets fund set up jointly by Bain Capital Credit and Piramal Enterprises Ltd struck with a pharmaceuticals company has come unstuck. India Resurgence Fund, the Bain-Piramal joint venture, had in April last year agreed to invest up to $144 million (Rs 992 crore) in ......