There has been a growing interest in the stressed assets space, given the promise of competitive valuations. “The distressed asset platform announced by Piramal Enterprises and Bain Capital is in talks to acquire the Mahanadi power plant,” said a person aware of the development, requesting anonymity. While a Bain Capital spokesperson declined to comment, queries emailed to the spokespersons of Piramal Enterprises and KSK Energy last week remained unanswered. The platform from Piramal Enterprises and Bain Capital Credit is looking at a large deal. “Once finalized, the platform will invest capital directly into businesses and/or acquire debt of such businesses to drive sensible restructurings.

Source: Mint May 15, 2017 18:45 UTC