Indian tycoon Anil Agarwal, Centricus plan fund to invest in distressed companies

Indian tycoon Anil Agarwal, Centricus plan fund to invest in distressed companies

Anil Agarwal Photographer: Halden Krog/Bloomberg

Indian commodities tycoon Anil Agarwal, who made a fortune buying state companies and fixing them up, is preparing to raise an investment fund targeting turnaround opportunities in the country, people with knowledge of the matter said.