Announced
Financials
Sources
Tags
Infrastructure Funds
Private Equity
India
Public
Majority
infrastructure investment
energy asset management
Acquisition
Synopsis
Private equity firm KKR and Singapore's sovereign wealth fund GIC are to acquire a 57% stake in India Grid Trust, an infrastructure investment trust established to own inter-state power transmission assets in India, for $400m. GIC is contributing $140m to the deal while KKR is investing the rest from its own balance sheet. The deal would mark KKR’s first infrastructure investment in Asia since it set up a team late last year that focuses on the sector in the region.
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