Prashant Kumar, who has been with KKR in Mumbai since 2018, will move to Singapore and start his new role in July, one of the sources said.
The investment marks the first bet for Sorin Investments, an early-stage tech fund founded by private equity veteran Sanjay Nayar, Former Chairman of KKR India. The likes of Pirojsha Godrej, Anant Goenka, Apoorva Patni, Keki Mistry, Ranu Vohra & Dhanpal Jhaveri also participated in the round.
Moneycontrol had first reported Jhaveri's exit from private equity firm KKR on August 9. Recently Rajesh Laddha, CFO, Piramal Enterprises hsd resigned to pursue his own entrepreneurial venture.
Joseph Bae, Co-President and Co-COO of KKR acknowledged Nayar’s role in establishing the business in India
KKR India Debt Opportunities Fund sold 6,22,500 shares of HDFC AMC at an average price of Rs 2,690, according to the BSE block deal data.
The investment will fuel Sintex's aggressive growth plans as it continues to rapidly shift its business model towards B2C/retail segment, the company said in a statement.
The Foreign Investment Promotion Board (FIPB) cleared Shanghai Fosun's deal to buy India's Gland Pharma. It approved 10 FDI proposals including Gland Pharma's proposal which is worth Rs 4,300 crore.
Aditya Puri, MD of HDFC Bank, who heads CNBC-TV18‘s India Business Leader Awards (IBLA) jury, said that if demonetisation is executed as envisaged, then it will bring in a lot of efficiencies.
Speaking to CNBC-TV18, Sanjay Nayar, CEO of KKR India said that manufacturing is the exciting segment now. “With operational ease in India, manufacturing has to remain top priority for us,†he said.
"...has received capital commitment of upto Rs 520 crore via structured finance from KKR India to fuel its aggressive growth plans as the company continues to rapidly shift its business model towards B2C/retail segment," says the private dairy company.
Speaking to CNBC-TV18 SBI Chairman Arundhati Bhattacharya said the reason for banks proposing to hold majority stake in these funds was that they feel the pain most.
Watch accompanying videos of Antique India Conference 2016, wherein eminent guests like Dilip Shanghvi, MD of Sun Pharmaceutical Industries, Adi Godrej, Chairman of Godrej Group and Sanjay Nayar, CEO of KKR India expressed their views about Budget and economic reforms in India.
Sanjay Nayar, CEO at KKR India says, it is crucial to identify the problem early enough and not wait till the condition of the corporate becomes so bad that you lose equity value. “There is no point throwing good money after bad, “he adds.
It is the eve of the Budget and the wish list continues to get longer and longer. In an interview to CNBC-TV18, Sanjay Nayar, CEO & Country Head – India, KKR India shares his expectations from Finance Minister Arun Jaitley tomorrow.
The new government is receptive to improving ease of doing business in India, Sanjay Nayar CEO and Country Head of KKR India says.
Speaking to CNBC-TV18‘s Menaka Doshi, Bindra, alongwith Sanjay Nayar, chief executive officer, KKR India and Pawan Goenka, president- automotive and farm equipment, Mahindra and Mahindra shares his views on the Indian economy and the road ahead.
According to Sanjay Nayar, the investment cycle is not picking up due to lack of confidence among Indian entrepreneurs. The confidence to begin new projects and ensure new growth is required to build the economy but that is still lacking in India.
With RBI governor Raghuram Rajan talking about a bigger role for foreign banks, experts feel his condition on reciprocity may be a huge hurdle. They don't think the discussion should just be limited to these banks taking over smaller Indian banks.
In banking, India does not require new banks. But existing banks need to be bigger, well-capitalized and reaching out to the Indian population at large rather than adding another four-five small banks that doesn't make any sense.
Sanjay Nayar, Country Head of KKR India believes rate cuts from the RBI will help sentiments going forward. Most businesses in India have done well in the last two to three years in refinancing debt and improving EBITDA, added Nayar.
The Indian economy has been witnessing sub-7% GDP growth for a year now. Sanjay Nayar, chief executive officer and country head, KKR India feels, given the structural and cyclical issues facing our economy, investors should get used to 6-7% growth rate.
This week, India announced a complete makeover of its takeover rules. SEBI has accepted most of the recommendations made by the Takeover Regulations Advisory Committee (TRAC) last year.
Sanjay Nayar, CEO and country head of KKR India, in an exclusive interview with CNBC-TV18’s Udayan Mukherjee and Mitali Mukherjee, gave his perspective on how promoters are positioned with their need to care for capital.
Sanjay Nayar, chief financial officer and country head of KKR India feels capital market reforms are important for India.