Bain-backed India Resurgent Fund invests $119m in Archean Chemical

Bain-backed India Resurgent Fund invests $119m in Archean Chemical

Photo: Mint

India Resurgent Fund (IRF), a joint venture between Bain Capital Credit and Piramal Enterprises, has invested about Rs800 crore in Chennai-headquartered Archean Chemical Industries Ltd in a structured credit transaction, two people with direct knowledge of the development said.

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