SBI, Brookfield to launch stressed asset management fund
According to the proposal, Brookfield will commit approximately Rs7,000 crore, while SBI will put in up to 5% of total investments into stressed assets
State Bank of India (SBI) and Brookfield Asset Management Inc. propose to launch a joint venture (JV) fund to which the Canadian partner has agreed to commit ₹ 7,000 crore to purchase distressed assets.
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