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Blackstone to pump more funds into asset reconstruction arm IARC: Kishore Moorjani

Blackstone to pump more funds into asset reconstruction arm IARC: Kishore Moorjani

24 Feb 2020

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Blackstone to pump more funds into asset reconstruction arm IARC: Kishore Moorjani

Kishore Moorjani, senior MD at Blackstone and director at IARC

International Asset Reconstruction Company Pvt. Ltd (IARC), which began operations in 2007, has been a slow starter in India’s asset reconstruction market. But it is picking up pace after private equity firm Blackstone Group Inc. bought a 51% stake in the company through its Tactical Opportunities (Tac Opps) group in ......