Canadian pension fund Caisse de Dépôt et Placement du Québec has signed a long-term partnership with Edelweiss Financial Services to invest Rs5,000 crore in stressed assets over the next four years. Photo: ReutersGlobal investors are queuing up to acquire stressed assets or debt of troubled companies in India if the spate of announcements in the space is anything to go by. Piramal Enterprises Ltd, Bain Capital Credit, Apollo Global Management and Brookfield Asset Management Inc. are among those looking to collectively invest at least $2 billion to buy stressed assets in the country. Ltd told Mint it is in the process of venturing into stressed assets investment. To clean up balance sheets, banks will need to sell these loans to asset reconstruction firms and distressed asset funds.

Source: Mint October 17, 2016 18:56 UTC