According to company sources, Arpwood and JM — which have been named ‘financial and transaction’ advisers — will speak to partners in joint ventures and find out their willingness to acquire IL&FS stakes. Arpwood Capital was set up by former Carlyle MD Rajeev Gupta. The firm shot to the big league with the Essar Oil-Rosneft deal last year.from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/2PPfx4u
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