ABU DHABI/WAM On behalf of President His Highness Sheikh Mohamed bin Zayed Al Nahyan, H.H. ...
Read More »Varde, Birla Group create $1bn venture for stressed assets
Bloomberg US-based investment firm Varde Partners Inc. and Indian financial services provider Aditya Birla Capital Ltd. are creating a joint venture to invest in “stressed and distressed†assets in India. Birla Capital’s shares rose. Minneapolis-based Varde will take a 50 percent stake in Birla Capital’s asset reconstruction business for 980 million rupees ($13.9 million), the Indian firm said in a ...
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