Topic: KKR & Co
Investors continue to flock Mukesh Ambani, now KKR to invest $754 million in Reliance Retail
US private equity group KKR will hold a 1.28% stake in Mukesh Ambani’s Reliance Retail, valuing India’s biggest retailer at Rs 4.2 lakh crore or $57 billion.
KKR in advanced talks to invest $1 billion in Reliance Retail
Private equity firm KKR & Co. could invest as much as $1.5 billion. This could be another US investment after Silver Lake’s deal of Rs 75 billion.
How India is becoming an unlikely Asian hotspot for mergers & acquisitions
Thanks largely to $15 billion of investments in Jio, India accounts for more than 12% of announced deals in the Asia Pacific region so far this year.
Mukesh Ambani has lured $10 billion of investment into Jio in just one month
New York-based KKR & Co. Friday became the latest private equity firm to invest in Ambani's Jio Platforms Ltd and will pay Rs 11,367 crore for a 2.3% stake.
There’s just no stopping Mukesh Ambani as Jio gets Rs 11,367 crore from KKR now
US private equity giant KKR has picked up a 2.32% stake in Jio Platforms, its largest investment in Asia. This is also Jio’s fifth deal in four weeks.
US pvt equity firm KKR to acquire assets from stressed non-bank finance firms
The US private equity firm may spend as much as $270 million to purchase portfolios from local non-banking finance companies.
Why shrinking offices and hot-desking are bad ideas, Covid or no Covid
Employees’ demands for flexible working will include spacious offices. Given the relative savings, slashing floor space is a false economy.
Diesel demand drop forces India to import gasoline as Covid skews output
The slump in diesel demand is forcing refineries to operate below capacity, but gasoline sales are back at pre-virus levels with people resorting to personal vehicles.
Defence
Army says ‘poor quality’ Ordnance Board ammo, mines have cost India Rs 960 crore since 2014
Pointing out these shortcomings in an internal assessment, the Army has thrown its weight behind government plans to corporatise the OFB to make it more efficient.
Partners dispensable in Modi-Shah construct if they do not bring additional votes
In the Modi-Shah construct, if partners do not bring additional votes, they are dispensable. However old or loyal, either they become supplicants, or die.