Piramal-Bain likely to lower maiden India fund target to $750m

Piramal-Bain likely to lower maiden India fund target to $750m

Mumbai, India. Photo by Prerna Rajkumar on Unsplash

India Resurgence Fund (IndiaRF), promoted by Piramal Enterprises Ltd and Bain Capital Credit, may announce the final close of its maiden India-focused fund at $750 million against the initial target of $1 billion, one person aware of the matter said, requesting anonymity.

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