Kohlberg Kravis & Roberts and Canada Pension Plan Investment Board-backed mobile infrastructure company Bharti Infratel will merge its operations with Indus Towers to form a new $15 million entity. Currently, Indus Towers is jointly owned by Bharti Infratel (42%), Vodafone (42%), the Idea group (11.15%) and Providence (4.85%). This merger...
KKR likes India’s new Bankruptcy Code
New York City-based Kohlberg Kravis Roberts, a multinational private equity firm, specializing in leveraged buyouts, proactively engaged with India's Federal government on the new bankruptcy code. The Code seeks to consolidate and amend laws relating to reorganization and insolvency resolution of corporate persons, partnership firms and individuals in a time-bound...
KKR and Canada's CPPIB Acquire Stakes in Bharti Infratel
New Delhi-based telecommunications company Bharti Airtel Limited sold a 10.3% stake in its tower arm subsidiary Bharti Infratel to private equity firms Kohlberg Kravis & Roberts (KKR) and Canada Pension Plan Investment Board (CPPIB) for $951.6 million. Bharti Infratel owns over 90,000 telecom towers and the company reported a revenue...
KKR accelerates India investments
New York based Kohlberg Kravis Roberts & Co (KKR) plans to invest in manufacturing and bank assets in India via its $2 billion Global Investment Fund. India’s companies and financial organizations have ample potential for growth due to the availability of affordable labor and resources. However, a high rate of...
Starbucks announces plans to enter India (again)
Seattle-based coffee retailer Starbucks has announced intentions to enter India more times than Lindsay Lohan has been arrested, Paris Hilton has been embarrassed or Elizabeth Taylor has been married. This time they may be for real. I mocked lightly them in my 2008 book for vacillating on India. In 2007,...