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BRIEF-Edelweiss Financial Services says Canada's CDPQ, Edelweiss enter partnership agreement

Published 2016-10-03, 01:31 a/m
© Reuters.  BRIEF-Edelweiss Financial Services says Canada's CDPQ, Edelweiss enter partnership agreement

Oct 3 (Reuters) - Edelweiss Financial Services Ltd:

* Says CDPQ and Edelweiss Enter into long term partnership agreement

* Edelweiss Financial Services Ltd says CDPQ targets investments of 50 billion rupees over 4 years in stressed assets and specialized corporate credit in india

* Partnership aims to channel between Rs. 12,000-14,000 crores into private debt and restructuring of stressed assets in the country

* Investments to result in purchase of NPLs from indian banks, investments in private debt of growing indian companies Source text: Further company coverage: EDEL.NS

(Bengaluru newsroom)

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