India: Aditya Birla Capital may raise a distressed assets fund

India: Aditya Birla Capital may raise a distressed assets fund

Kumar Mangalam Birla. Photographer: Udit Kulshrestha/Bloomberg

Aditya Birla Capital Ltd (ABCL), which made its debut on the stock exchanges on Friday, will be looking at raising a distressed assets fund as part of its asset reconstruction company (ARC), Kumar Mangalam Birla, chairman of the Aditya Birla Group, said in an interview.

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