India to allow LBOs for distressed assets
Indian banks will be allowed to support leveraged buyouts of distressed companies by “specialized entities” according to plans released by the Reserve Bank of India. Under a liberalized regulatory regime for asset sales, sector-specific private equity firms are also encouraged to play an active role in rescuing troubled enterprises.
The measures, which first emerged in a draft proposal published in December and will become effective from April 1, are part of a broader effort to help the banking system address the increasing number...
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