Fund Scan: How Aditya Birla Private Equity lost its momentum

A little more than four years ago, Aditya Birla Private Equity invested in a Mumbai-based fashion garments maker. The September 2015 investment in Creative Lifestyles Pvt. Ltd added to the one-and-a-half dozen bets that the PE firm had made in less than eight years. But that investment has turned out ......