KKR Buys Avantha Power Stake For $75M

Kohlberg Kravis & Roberts has invested $75 million in Avantha Power & Infrastructure.

Kohlberg Kravis & Roberts (KKR) has invested $75 million in Avantha Power & Infrastructure, Economic Times reports. KKR will acquire 11% equity shares in the company for the investment.

Previously in October 2010, KKR had invested $50 million for a 9% stake in Avantha Power. The Indian power company will issue new shares to KKR.

Click here for the story from Economic Times.