 "Emami eyes 15% volume growth")
US private equity firm KKR may invest Rs 2,000 crore in the Emami Group through a structured credit deal, according to a news report. The Kolkata-based group may use the money to repay loans raised by promoters and to meet working capital needs.
The New York-headquartered firm will help Emami Group expand its cement business, The Economic Times reported. The group is likely to sell some non-core businesses in health care and pharmacy, and retain focus on consumer goods and cement.
KKR could earn an interest of 12-15 per cent on the debt, which is secured by the cement business as well
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