Leading Indian bad debt recovery company seeks global partners to boost presence - Moneycontrol

An Indian distressed assets investor called Asset Reconstruction Company (India) Ltd. is seeking global partners to purchase around $665 million of soured loans this year. It is in talks with investors such as Cerberus Capital Management, Bain Capital, Oaktree, and A B CarVal. ARCIL intends to acquire bad loans from sectors like renewable energy, road, steel, and logistics. The company hopes that partnering with global investors will help it recover bad loans and increase its income.

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