KKR supports Sajjan Jindal India steel
Kohlberg Kravis Roberts & Co. has made an INR650 crore ($140 million) commitment to India's Sajjan Jindal group, cited as India's richest private steel producer, in a structured sponsored finance package mixing debt, equity and cash, to support the group's $1.5 billion plans to expand its steel operation, according to Indian reports.
KKR will apparently not receive any equity in Sajjan Jindal as part of the deal, mediated primarily through debt. The investment is being made through KKR's non-banking finance unit in India. The Sajjan...
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