India: KKR eyes bad assets; SBI Cards & Lemon Tree stake sale; IndiaMART IPO

India: KKR eyes bad assets; SBI Cards & Lemon Tree stake sale; IndiaMART IPO

While KKR is in talks with Indian banks to manage their stressed loans business, three firms are in the race to buy GE Capital’s stake in SBI Cards. Also, private equity funds are in talks to buy up to 15 per cent stake in Lemon Tree Hotels and IndiaMART is looking to raise $75 million through an IPO.

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