News From Press SBI, Brookfield in JV to invest in stressed assets

SBI, Brookfield in JV to invest in stressed assets

Source: Business Standard Jul 21, 2016

State Bank of India (SBI) and Brookfield Asset Management Inc will form a joint venture (JV) to drive investment into stressed assets. While Brookfield has committed Rs 7,000 crore, India's largest lender would chip in with Rs 350 crore as initial investment. The latter would also commit to earmarking five per cent of its total investments for stressed assets.

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