Speaking to CNBC-TV18 Amit Chandra of Bain Capital talked about his firm’s approach to addressing stressed assets.
“Players like us can help provide the last mile of financing,” he said.
Banks have lost faith in existent promoters, he added, as they can’t fund them anymore. Banks need someone fresh to come in and take over the assets of existing promoter and operate the debt-ridden plant.Watch video for more...
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