Bain, KKR target 30% stake in Lanco power business - report
Bain Capital and KKR are reportedly in discussions with Lanco Infratech to buy a 30% stake in its power projects. Lanco has been trying to raise around $750 million in equity since the start of the year.
Lanco told the Business Standard that Macquarie has been hired to run the sales process for the stake. Lanco is one of the largest private sector power manufacturers, with an installed capacity of 4,480...
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