KKR, GIC invest in Indian power grid operator
KKR and GIC have agreed to invest a combined INR20.6 billion ($295 million) for minority stakes in India-listed infrastructure investment trust India Grid.
KKR will commit INR10.8 billion for an initial 22% stake, while GIC will pay INR9.8 billion for 20%. KRR may subsequently acquire an additional 15%. According to a release, the private equity firm will...
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