Resurgence PE, Jacob Ballas take deep haircut from private-sector lender

By Narinder Kapur

  • 05 Mar 2020
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Credit: 123RF.com

Private equity firms Jacob Ballas and Resurgence PE Investments, which manages the now-inactive Avigo Capital’s legacy portfolio, have taken a significant haircut on their investment in an Indian private-sector lender. Religare Enterprises Ltd, which was a holding company for the financial services business of former Ranbaxy promoters Malvinder and Shivinder Singh, ......

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