BlackRock set to enter distressed debt space in India

BlackRock set to enter distressed debt space in India

FILE PHOTO: The BlackRock logo is seen outside of its offices in New York City, U.S., October 17, 2016. REUTERS/Brendan McDermid/File Photo - RTX389R9

BlackRock Inc., the world’s largest asset manager with $6.3 trillion in assets, is set to enter the distressed debt space in India, two people aware of the development said.

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