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India needs private equity to create corporate losers

India needs private equity to create corporate losers

Monday, March 20, 2017, 12:06 PM
KKR’s India chief has given the government a plan: Move all soured debt above a limit to a government-mandated agency, and use private capital to revive the assets. The first is what managers get paid for: finding businesses that can deliver 20% returns in an economy where asset valuations, at least in public markets, are already the most expensive in Asia.
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