12 lakh crore media reports show this is where bankers see a huge opportunity helping promoters seek investment from strategic and financial sponsors before a company is admitted for liquidationthe bigger opportunity i think is preibc said chandresh ruparel managing director rothschild co if you were to look at companies that are facing distress and are about to be admitted to ibc that is the area of great activity it is either the promoter that is looking at some sort of financing to stay out of ibc you can look at the typical arcs asset reconstruction companies or traditional distress funds to come in at this pointwhen capital is scarce it plays to the strengths of special situation specialists many of which have set up shop either on their own likebrookfield or in partnership with a local partner such as aion or bain capital with banks and other traditional lenders staying away this has presented a big opportunity for structured credit in terms of buying out distressed loans and real estate financingthe need for capital for certain sectors in india is very large said amit dixit senior md blackstone private equity most of this capital wouldnt go in as common equity in a company but as structured credit or some other structured arrangementthree years back when local banks were active the overseas ones found it difficult to be on top of the collateral structure those roles are fast reversinginvestment jobs at risk as ecomm fdi norms tightenclarified ecommerce fdi norms will not impact stability predictability government officialindia eyes 100 billion fdi in next two years suresh prabhu healthcare beckons traditional private equity players have also tweaked their growthinvestment thesis to hew closer to their original credentials as takeover or buyout specialists aiding industry consolidation such as that playing out in healthcarekkrbacked radiant or tpg backed manipal are mopping up scattered subscale assets to bulk up and take on global giants such as malaysias ihh healthcare which scooped up the biggest indian hospital chain fortis earlier this yearhowever ihhs plan to take a majority stake may have hit a roadblock thanks to a middecember supreme court verdictwe love buying companies that are complex or misunderstood by the market kkrs henry kravis told et in a recent interaction we were trying to do a lot of minority deals very early on without having much say in them they turned out to be mediocre we realised we needed to either have controlling positions or significant minority to be able to drive changesto keep the momentum going corporate captains and ma dealmakers believe strengthening governance and an optimal capital structure need to be sustainedcorporate families are looking to optimise portfolios and capital allocation for the india of the future which will be about scale and innovationthe overall macro environment in the last three years has helped this shift but delayed resolution of headline cases such as essar steel which drag on in the courts may again spoil the party as india heads