Nirmal Gangwal’s Brescon takes second shot at stressed assets biz

Debt restructuring and turnaround advisory firm Brescon Corporate Advisors is gearing up to raise its first special situations fund, three years after a similar plan failed to take off. Mumbai-based Brescon plans to mobilise as much as $200 million (Rs 1,400 crore) for the fund, founder and managing director Nirmal Gangwal ......