Edelweiss Said to Start Buying $492 Million Binani Cement Debt

A woman worker carries a plate full of cement-concrete mix on her head at a construction site in New Delhi.

Photographer: Amit Bhargava/Bloomberg

Edelweiss Asset Reconstruction Co., the largest buyer of bad debt from Indian lenders, is seeking to buy about 33 billion rupees ($492 million) in loans domestic banks made to Binani Cement Ltd., people with knowledge of the matter said.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.