Home » KKR, promoters to invest $120 mn in Avantha

KKR, promoters to invest $120 mn in Avantha

Power & New and Renewable Energy
August 1, 2011August 1, 2011
KKR, promoters to invest $120 mn in Avantha
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US private equity firm Kohlberg Kravis & Roberts (KKR) and the promoter of Avantha Power & Infrastructure (APIL) will invest $120 million in the Indian company. KKR, which had invested $50 million in October to acquire 9 per cent stake in Gautam Thapar-controlled Avantha Power, will acquire additional 11 per cent equity shares for $75 million. The promoter's holding firms will make a fresh investment of $45 million.

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