KKR agrees $164.2m financing package for India's GMR Infra
KKR has agreed to invest INR10 billion ($164 million) in ailing Indian infrastructure conglomerate GMR Holdings (GMR), the parent of GMR Infrastructure (GIL), via a structured credit facility.
The deal - which is understood to be KKR's first in India's infrastructure space - comes after GMR's board agreed a INR1 billion rights issue in GMR Infrastructure. It is hoped the deal will allow the...
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