KKR and Singaporean SWF to Buy Controlling Stake in India Grid Trust
Posted on 04/30/2019
Private equity giant KKR & Co Inc. and Singapore’s GIC Private Limited are buying up to a 57% stake in India Grid Trust (IndiGrid) for roughly US$ 400 million. KKR and GIC are investing Rs 2,064 crore (US$ 295 million) for a 42% stake in IndiGrid through a preference equity issue. GIC is committing US$ […]
