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Business trends

Private equity funds see potential in India's stressed assets

Investors have raised $4.5bn over last two years to pump into steelmakers, utilities

A laborer at an industrial area in Mumbai, India   © Reuters

MUMBAI -- India's sale of stressed assets is drawing massive interest from global private equity players such as JC Flowers, KKR and Blackstone, which are tying up with local companies to place bids or setting up country-focused special situations funds to explore opportunities.

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