MUMBAI: Finance minister Arun Jaitley has urged private equity players and asset reconstruction companies to act swiftly towards resolution of stressed assets, hoping that this will inspire confidence among investors as well as boost the economy.
Jaitley conveyed this in a closed-door meeting which was attended by senior of finance ministry officials, select private equity firms such as KKR, Aion Capital that have tied up with ICICI Bank; Brookfield that has tied up with State Bank of India and Blackstone. Among ARCs, senior officials from Edelweiss, Arcil, JM Financial ARC, Kotak Mahindra Bank-owned Phoenix and International ARC were present during Saturdays meeting. Senior officials present at the meeting said that Jaitley asked par…
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