KKR takes stake in Avantha Power
Kohlberg Kravis Roberts & Co. has become the latest leading private equity firm to tap into India's infrastructure sector, with an INR217 crore ($49 million) pre-IPO investment into Avantha Power & Infrastructure Ltd., a division of the $4 billion Avantha Group, for a 9% stake, according to Indian reports.
Avantha Power is looking to raise up to $280 million in its planned IPO. The company currently has power generating capacity of some 191MW, and is looking to expand this to 3911MW through projects coming...
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