Edelweiss plans to set up stressed asset fund with corpus of up to $1b

Photo: Pradeep Gaur/Mint

Edelweiss Financial Services Ltd plans to launch a distressed asset fund with a corpus ranging between $750 million and $1 billion, joining a raft of potential investors in troubled corporate assets that are up for sale.

It will be one of the largest fund-raises attempted by an Indian financial services firm to invest in distressed assets.

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