Bloomberg
Embattled tycoon Gautam Adani’s challenges have knocked the confidence of strategic insurance investors seeking to establish partnerships in India, according to Bain & Co’s mergers and acquisitions head for Asia Pacific.
Global firms, which typically hold significant stakes in the government-regulated sector, are worried about finding strong local partners who they can trust, said Bain’s Harshveer Singh.
“They are now asking ‘Do we know what we are getting into?’†Singh said.