The deal space in India continues to witness robust action, and last week saw Edelweiss Asset Reconstruction Company acquiring a 10% stake in Ahemdabad-based engineering and metals firm Electrotherm India, as well as UK-based investment management firm Genesis Asset Managers LLP selling 2.01% stake in Ambuja Cement.
Edelweiss ARC buys 10% in ailing Electrotherm
Edelweiss Asset Reconstruction Company is acquiring a 10% stake in Ahemdabad-based engineering and metals firm Electrotherm India, which defaulted on Rs 3,200-crore loans, as per a report in The Economic Times.
