ADIA picks minority stake in KKR India Financial Services

This is Abu Dhabi Investment Authority fourth investment in the Indian financial space

Global investment firm KKR today announced that an entity wholly-owned by the Abu Dhabi Investment Authority (ADIA) has become a significant minority shareholder in KKR India Financial Services (KIFS), an alternative credit business in India. The NBFC leverages KKR's balance sheet and investment expertise to extend financing solutions to corporations and mid-sized enterprises with long-term capital needs across the country. The financial details of the transaction were not disclosed.

This is ADIA's fourth investment in the financial space. Before this, it had invested in HDFC Bank, Kotak Mahindra Bank and Reliance Capital. For KKR, the part-divestment from the NBFC business