KKR to Buy a 100 Percent Stake in NBFC Motichand Finance (Asia)

Source: VCCircle

Global investment firm Kohlberg Kravis Roberts & Co. (KKR) is picking up a 100 percent stake in India-based non-banking finance company (NBFC) Motichand Finance. According to reports, KKR India Asset Investments will acquire over 50 percent in Motichand through a fresh subscription of shares, after which Motichand’s existing shareholder KKR Capital Markets India will transfer its entire shareholding in the company to KKR India Asset Investments. Financial details of the transaction were not disclosed.