KKR India Financial Services sold 96,10,588 shares of the company at an average price of Rs 16.85 apiece on the NSE, as per the bulk deal data
The deal is part of KKR's strategy to increase its presence in Asia's infrastructure sector and today's transaction is the firm's second investment in the country as part of its dedicated plan
According to Thapar, the events at CG Power have been orchestrated by the lenders
HONG KONG (Reuters) - Global private equity group KKR & Co Inc is targeting a record $15 billion (£11.7 billion) for a new Asia-focused buyout fund, three sources with knowledge of the plan told Reuters.
HONG KONG (Reuters) - Global private equity group KKR & Co Inc is targeting a record $15 billion (£11.7 billion) for its new Asia-focused buyout fund, three sources with knowledge of the fundraising plan told Reuters.
KKR India's recent loans have not done well, which is reflected in the spike in non-performing assets (NPAs)
KKR India Debt Opportunities Fund II and KKR India Financial Services Ltd acquired a total number of over 6.26 crore shares or around 10 per cent stake in CG Power
The promoter financing market in the country is roughly Rs 60,000 crore
Sanjay Nayar shares KKR India's investment plans
This year, it made exits from Gland Pharma, Alliance Tire and Dalmia Cement
Sees more debt and equity deals in power, steel and chemicals