India: Aditya Birla Capital, Värde Partners in talks for stressed assets tieup

Kumar Mangalam Birla, Chairman, Aditya Birla Group. Photo: Mint

Aditya Birla Capital Ltd (ABCL), the financial services arm of Aditya Birla Group, is in exploratory talks with alternative assets manager Värde Partners for an alliance for its proposed distressed assets business, two people directly aware of the development said.

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