As part of the agreement, KKR will acquire its stake from the founding Mody family at a purchase price of Rs 745 per share and make an open offer for an additional 26 percent stake in the company
The company intends to hire India-based talent in emerging technologies like artificial intelligence, machine learning and other key technologies in the digital transformation space as well as expand its customer base in Asia, it said in a statement.
The consortium, which includes Singapore state investor Temasek Holdings, has paid the sum for a 6% stake in Vinhomes, Vingroup said in a statement.
In this interview with Moneycontrol, he sheds light on the investment thesis behind the mega deal, potential synergies within the KKR global portfolio and digital buyout opportunities in India.
Jio Platforms has attracted investments worth Rs 78,562 crore in the last one month from Facebook, Silver Lake, Vista and General Atlantic.
The latest KKR deal goes on to prove investors can’t take their eyes off India’s single-largest opportunity
KKR transaction values Jio Platforms at an equity value of Rs 4.91 lakh crore and an enterprise value of Rs 5.16 lakh crore.
KKR's is the fifth such infusion in Jio Platforms as, over the past one month, leading technology investors such as Facebook, Silver Lake, Vista and General Atlantic have announced aggregate investments into the company.
KKR, headquartered in New York, was founded in 1976 by Henry Kravis and George Roberts.
Over the last month, leading technology investors, such as, Facebook, Silver Lake, Vista, General Atlantic and now KKR have announced aggregate investments of Rs 78,562 crore into Jio Platforms.
According to a company statement portfolio comprises 169 megawatts (MW) in Maharashtra and 148 MW in Tamil Nadu.
The private equity group had received bids from a few consortiums after tapping more than a dozen potential buyers late last year, the sources said, adding that a deal could have valued Goodpack at about $2 billion.
The NBFC sector has been in troubles for over a year now, starting with the collapse of infra-focused IL&FS, triggering a liquidity crisis.
This is not the first time KKR has bet on the education sector. In 2018, it signed a binding agreement for the sale of Cognita Schools, a UK-based global private schools group.
The EuroKids Group operates pre-schools, schools -- Billabong High and Kangaroo Kids -- and daycare centres under the same brand name
KKR were sloppy in the field and ended up paying heavily for their mistakes. Bairstow was dropped twice, once on 5 by Cariappa in the second over and then again on 58 by Piyush Chawla.
Chennai do a double over Kolkata thanks to Tahir and Raina
CSK would be aiming a double over KKR when they meet the side from Kolkata at Eden Garden
The last time the two teams met the match was settled in a thrilling Super Over
At 1222 hrs, HDFC Bank was quoting Rs 2252.95, down 1.62 percent on the BSE.
Catch all the top moments from match 23 of IPL 2019 between the Chennai Super Kings and Kolkata Knight Riders at the MA Chidambaram Stadium, Chennai
The victory takes the men in Yellow to the top of the table
Catch all the highlights from match 23 of IPL 2019 between the Chennai Super Kings and Kolkata Knight Riders at the MA Chidambaram Stadium, Chennai
The match between KKR and CSK promises to be a feisty affair as the sides are the first and the second in the IPL points table respectively.