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    KKR offers Rs 3,100 crore to buy VG Siddhartha's 20.4% stake in Mindtree, says report

    KKR offers Rs 3,100 crore to buy VG Siddhartha's 20.4% stake in Mindtree, says report

    KKR offers Rs 3,100 crore to buy VG Siddhartha's 20.4% stake in Mindtree, says report
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    By CNBC-TV18  IST (Updated)

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    KKR proposed the bid on Thursday and upped its previous bid, making the highest bid so far for the 20.4 percent stake held by Siddhartha and his two affiliate companies in Mindtree, the sources told the paper.

    Private equity company KKR offered Rs 3,100 crore to buy the stake held by Cafe Coffee Day (CCD) founder VG Siddhartha and in Mindtree, Mint reported citing sources.
    KKR proposed the bid on Thursday and upped its previous bid, making the highest bid so far for the 20.4 percent stake held by Siddhartha and his two affiliate companies in Mindtree, the sources told the paper.
    KKR also loosened its original terms to gain sole control of Mindtree. In the previous round, KKR offered around Rs 2,800 crore for the stake sale.
    When the paper contacted KKR, the spokesperson said the company did not want to comment on 'market speculation'.
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