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

By Joseph Rai

  • 08 Oct 2020
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Credit: 123RF.com

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 ......

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