Grapevine: KKR reworking BookMyShow deal; Race for Ayana Renewable in final lap
Private equity firm KKR is renegotiating its planned deal to invest in Reliance Industries-backed BookMyShow, India’s largest online ticketing platform, a media report said. The PE firm’s move comes after food delivery company Zomato recently agreed to acquire digital payments company Paytm’s entertainment business, The Economic Times reported, citing people aware of ......
KKR to sell 17% stake in India Grid Trust
U.S. private equity firm KKR's affiliate, Esoteric, will sell a 17.3% stake in India Grid Trust (IndiGrid) for $213.6 million, the Indian investment firm said on Wednesday. The sale involves 135.8 million IndiGrid shares at an offer price of 132 rupees each. The offer comprises a base offer of 9.66% stake ......
KKR-backed IndiGrid teams up with Norfund, UK’s BII for transmission projects
India Grid Trust (IndiGrid), the infrastructure investment trust (InvIT) backed by private equity firm KKR, has snagged investments from two foreign and one Indian investor for its greenfield interstate transmission systems (ISTS) projects. IndiGrid had won three ISTS projects last year that are under construction. These are being constructed by three ......
KKR's Q2 net income soars 49% on higher fees
Private equity group KKR & Co said on Wednesday its second-quarter adjusted net income jumped 49% year-on-year, driven by an increase in management, transaction and performance fees, as well as earnings from its annuities business. KKR's adjusted net income rose to $972 million from $653 million a year earlier. This translated ......
KKR moves closer to sealing stake sale deal for JB Chemicals
Global private equity giant KKR is in advanced talks with a company to sell its stake in Indian drugmaker JB Chemicals & Pharmaceuticals Ltd, two people aware of the development told VCCircle. KKR has been in talks with multiple suitors to sell its stake in Mumbai-listed JB Chemicals for the past ......
Grapevine: Torrent may buy into CVC-backed Gujarat Titan; Alkem gets PE suitors
Ahmedabad-based Torrent Group has reached an informal agreement with CVC Capital Partners to acquire a majority stake in Indian Premier League (IPL) franchise Gujarat Titans after the ownership lock-in period ends in February 2025, a media report said. Gautam Adani's Adani Group, initially a contender, has reportedly withdrawn from the race, The Economic Times reported, ......
Grapevine: Three firms make cut for Avendus; suitors line up for HUL ice-cream unit
Carlyle, Premji Invest, and Japan's Mizuho Financial Group are vying to acquire a controlling stake in Avendus Capital, currently owned by KKR, a media report said. The three bidders advanced after an initial round of screening, which also saw interest from private equity players TPG Capital and TA Associates. Due diligence is underway, with final offers expected by the ......
Shriram General Insurance’s CEO on upsizing non-motor book, IPO plans and more
Over two years ago, private equity major KKR acquired a 9.99% stake in Shriram General Insurance for Rs 1,800 crore. Since then, the company’s gross written premium has grown by over 70%, with the number of live policies standing at a tall 6.3 million. As an indication of confidence over the ......
Grapevine: General Atlantic, KKR, EQT eye PE deals; FirstCry, Anthem in IPO news
General Atlantic and KKR are among 4-5 private equity firms vying for a majority stake in Faridabad-based hospital chain Asian Institute of Medical Sciences (AIMS), a media report said. The deal could value the 1,200-bed hospital chain, focused on North and East India, at Rs 1,500 crore ($179 million), The Economic ......
True North hires former Investec exec for private credit vertical
Mumbai-based True North, a homegrown private equity firm which wrapped up fundraising for its maiden private credit fund earlier this year, has appointed a former Investec executive as the managing director of the debt vertical. True North, which launched its private credit operations in 2021 after it roped in former KKR ......
Recommended for you
Google News
Follow VCCircle on Google News for the latest updates on Business and Startup News