Deal part of KKR's to support 'innovative and disruptive companies' in Asia
The estimated $2 billion bid for just under half of the Japanese IT firm's shares likely portends a rare hostile tussle between the two global private equity giants
The Competition Commission of India (CCI) on Monday approved global investment firm KKR's proposal to acquire a stake in home-grown food-tech company Rebel Foods. US-based KKR (Kohlberg Kravis Roberts & Co), through its affiliate -- Royce Asia Holdings II Pte, is acquiring a stake in Rebel Foods, which owns Faasos, Behrouz Biryani, Oven Story and other cloud kitchens. "By way of the proposed transaction, Royce proposes to acquire certain equity shares and compulsorily convertible preference shares of Rebel Foods (on a fully diluted basis) by way of a secondary purchase," CCI said. Founded in 2011 by Jaydeep Barman and Kallol Banerjee, Mumbai-based Rebel Foods has 450 kitchens across 10 countries, including India, Indonesia, the UK and the United Arab Emirates. "There are no horizontal overlaps and or vertical/ complementary links between the activities of the parties (Royce Asia Holdings II and Rebel Foods) and their respective groups/ affiliates, in India. "Accordingly, absent ..
Bought back by Kolkata Knight Riders for a whopping Rs 23.75 crore at the IPL mega auction here, Venkatesh Iyer on Sunday said he would be "more than happy" to take on the captaincy challenge and step into Shreyas Iyer's shoes. In a bold and unexpected move, the Shah Rukh Khan-owned franchise chose not to retain their 2024 IPL-winning captain Shreyas Iyer at the mega auction here and went for an all out bidding war against Royal Challengers Bengaluru to secure Venkatesh. "I had the opportunity to captain the side in Nitish Rana's absence when he was unfortunately injured, and I was the vice-captain as well," said Venkatesh after he was bought by KKR for the huge amount. "I've always believed that captaincy is just a tag, but leadership is about creating an environment where everyone feels they can play for this team and contribute. If given the responsibility, I would be more than happy to take it on. Absolutely (I'm ready for it). "Together, we will aim to defend the championship
The Competition Commission of India (CCI) on Tuesday cleared KKR-affiliate Ruby Asia Holdings II and Singtel's proposal to acquire a stake in STT GDC. ST Telemedia Global Data Centres (STT GDC) is a wholly-owned subsidiary of Singapore Technologies Telemedia. STT GDC through its indirect subsidiary STT Global Data Centres India Pvt Ltd (STT GDC India) provides critical services, including high-quality colocation, connectivity, and round-the-clock support services. Global investment firm KKR through its arm Ruby Asia Holdings II is acquiring a stake in the company. "Commission approves acquisition of shares of STT GDC Pte Ltd by Ruby Asia Holdings II Pte Ltd and Singtel Interactive Pte Ltd subject to compliance of certain voluntary commitments submitted by the parties," CCI said in a release. Singtel Interactive Pte (Singtel) is a wholly-owned subsidiary of Singtel Telecommunications Ltd. The Singtel Group is an Asian communications technology group, operating connectivity, digita
With the deadline to submit the list of retained players on October 31, reports suggest that Shreyas Iyer is most likely to be retained by Kolkata.
Iyer is now unlikely to feature on KKR's retention list, which will be submitted to the BCCI on Thursday evening.
Kolkata Knight Riders announced former West Indies all-rounder Bravo as the franchise's new mentor, succeeding Gautam Gambhir, ahead of the Indian Premier League (IPL) 2025.
KKR and Avendus management are working together on the sale, the people said
Data centers and logistics have been big plays for alternative asset managers in real estate and infrastructure as they look to capitalize on long-term trends
Deliberations about the stake purchase are ongoing and no final decisions have been made, the people said. Other bidders may still remain interested in acquiring the stake, the people said
KKR's shares were up 3.72 per cent at $124.25 early on Wednesday, giving the private equity group a market value of about $110 billion
"Delhi mein dil tooth sakta hai par humne kabhi hausla nahi haraa (You can get hurt in Delhi but I never lost hope)." These were an emotional Harshit Rana's first words after learning about his maiden call-up in the Indian ODI team comprising icons Virat Kohli and Rohit Sharma. The 22-year-old speedster from Delhi's South Extension, who did the tough grind since the junior levels, often got overlooked, but one stellar IPL season of 19 wickets in Kolkata Knight Riders' triumphant campaign brought him into the national reckoning. "I believed in working hard but whenever I used to get hurt after being overlooked in age-group teams, I would sit in my room and start sobbing. My father Pradeep never ever gave up hope. "If I have to name three people whom I am indebted to in this beautiful journey of mine, then it is my father for his efforts, my personal coach Amit Bhandari sir (former India and Delhi pacer) and above everyone else Gauti bhaiyya (Gautam Gambhir)," Rana told PTI during an
The New York-based firm, which had $578 billion in assets under management as of the end of March, is returning to a tougher fundraising market for buyout funds
A deal could be sealed or announced in early June, the first source added
Kolkata Knight Riders players had a harrowing experience as they were forced to spend a night at Varanasi after their flight from Lucknow to Kolkata was diverted multiple times due to bad weather. Following their massive 98-run win over Lucknow Super Giants on Sunday, the Shreyas Iyer-led side left on Monday evening for Kolkata at 5:45pm. The team was scheduled to arrive at 7.25pm. But the charter flight had to be diverted to Guwahati first and then to Varanasi after adverse weather conditions made it impossible to land the plane in Kolkata. The KKR media team provided an update at 8.46pm, saying, "Due to inclement weather over Kolkata, the KKR charter flight has been diverted to Guwahati. We've just landed here." Then another update at 9.43pm said, "We've got clearance to fly back to Kolkata now, from Guwahati. Estimated arrival: 11pm." However, the ordeal was not over for the players and support staff as multiple attempts to land the flight failed, forcing the officials to diver
According to sources close to the deal, the value of the acquisition is Rs 6,500-7,000 crore
The investment will be made through KKR's Asian Fund IV, according to Monday's statement, which didn't disclose financial details
This investment is separate from the infrastructure investment trust (InvIT) established by RRVL last year, which was intended to accommodate approximately half of its retail warehousing assets
KKR has deployed about $11 billion in India over almost two decades, where it has invested in companies across healthcare, life sciences, technology services and consumer-focused sectors