Aion, Apollo to invest $157m into Avantha Holdings – report
Aion Capital Partners and Apollo Global Management are reportedly investing INR9.6 billion ($157 million) in Avantha Holdings, the holding company of the $4 billion conglomerate Avantha Group. Avantha is also in talks to raise $100 million from KKR, an existing investor in the group’s Avantha Power & Infrastructure business.
Avantha Holding (AHL) is wholly-owned by the group founder and chairman Gautam Thapar and his family. It owns 42.4% in listed power equipment company Crompton Greaves (CG) and close to 75% of Avantha Power,...
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