KKR offers $436m to purchase Siddhartha’s stake in Indian IT firm Mindtree

REUTERS/Brendan McDermid

Private equity firm KKR and Co. has offered ₹3,100 crore to buy the stake held by Café Coffee Day (CCD) founder V.G. Siddhartha and his two firms in information technology (IT) services firm Mindtree Ltd, said two people directly aware of the development.

The latest offer, proposed at a meeting on Thursday, makes KKR the highest bidder for the 20.4% stake held by Siddhartha and his two affiliate firms in Mindtree, the two people said, requesting anonymity.

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief
Subscribe to Newsletter