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Temasek sees more India deals as companies sell assets
Published Tue, Mar 21, 2017 · 09:50 PM
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Mumbai
TEMASEK Holdings Pte, the Singapore state investment company, expects Indian companies to continue selling assets to pare debt as corporate balance sheet stress rises.
"For the first time, companies are selling some of their good assets to deleverage," Rohit Sipahimalani, a senior managing director at Temasek, told a Bloomberg private equity forum on Friday in Mumbai. Heavily indebted Indian…
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