Aditya Birla Capital, the financial services arm of Aditya Birla Group has formed a joint venture with Värde Partners to set up an asset reconstruction company to pursue investments in stressed and distressed assets..AZB & Partners acted for Aditya Birla Capital with a team led by Partners Ashwath Rau and Kashish Bhatia..Trilegal advised Värde Partners and the team included Partner Yogesh Singh, Counsel Ankush Goyal, Senior Associates Ramya Suresh and Deep Choudhuri and Associate Itisha Gupta..The JV will evaluate investments across sectors, focusing on the acquisition, restructuring and resolution of the substantial supply of non-performing assets in India as well as special situations financings, reported ET..Follow Bar and Bench channel on WhatsAppDownload the Bar and Bench Mobile app for instant access to the latest legal news.
