KKR, GIC to snap up controlling stake in India Grid Trust for $400m

KKR, GIC to snap up controlling stake in India Grid Trust for $400m

Photo by Jp Valery on Unsplash

Global investment firm KKR & Co Inc is leading a deal to acquire a controlling stake in India Grid Trust (IndiGrid), in a bet on the country’s rapidly growing power sector, people familiar with the transaction told Reuters.

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