India Dealbook: Edelweiss ARC buys 10% in Electrotherm; Genesis Asset sells stake in Ambuja Cement

Photo: Freedigitalphotos.net, By Stuart Miles, Image ID: 10053837

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.

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