India: Lenders approach PE biggies TPG, KKR & SSG with SDR assets of 9 firms

India: Lenders approach PE biggies TPG, KKR & SSG with SDR assets of 9 firms

Banks that have decided to take majority equity control in nine defaulting companies through the strategic debt restructuring (SDR) scheme have started pitching assets of these firms to private equity (PE) firms, according to four people familiar with the matter.

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