J.C. Flowers may buy out Ambit Holdings from asset reconstruction JV

J.C. Flowers may buy out Ambit Holdings from asset reconstruction JV

J.C. Flowers and Co. is looking to buy out partner Ambit Holdings Pvt. Ltd in their asset reconstruction joint venture, two people aware of the development said, in the latest instance of a foreign private equity firm betting big on the distressed assets opportunity in India.

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