The deal, pegged at $1 billion, will also will help L&T get cash upfront instead of through staggered payments, allowing it to deleverage its balance sheet, while the private equity group gets a portfolio of real estate assets with some first-loss protection as well as building a relationship with the engineering giant.
from Banking/Finance-Industry-Economic Times https://ift.tt/sIkVvy9
No comments:
Post a Comment