• Friday, August 19, 2022

Business

KKR acquires 60 per cent stake in India’s Reel for £414.78 million

KKR to Purchase 60 Per cent Stake in India’s REEL. Photo Credit: Getty Images.

By: Radhakrishna N S

A multinational private firm, KKR & Co has said, it will acquire a 60 per cent share in India’s Ramky Enviro Engineers Ltd (REEL) for 414.78 million GBP ($530 million), making it as one of India’s largest buyouts. KKR is expected to buy the stake via a combination of primary and secondary investments, in a deal that gives the waste management company an enterprise value of 723.56 million GBP ($925 million). The corporate giants reached the deal when India is on its mission to reduce pollution and improve sanitation facilities through its policies and programmes, Swachh Bharat Mission. Sanjay Nayar,…

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