Finance

KKR in talks to buy majority stake in Altico Capital, says report

Updated : May 06, 2019 08:25 AM IST

Sources told the paper that there is a possibility of more bidders joining the race apart from KKR.

The bidders include other PE firms and strategic buyers and the deal is being managed by a foreign investment bank, the sources added.

Private equity KKR is in talks with shareholders of Mumbai's Altico Capital, a real estate-focussed non-banking financial company (NBFC), to buy a controlling stake in the firm, Mint reported, citing two people aware of the development.

Sources told the paper that there is a possibility of more bidders joining the race apart from KKR. The bidders include other PE firms and strategic buyers and the deal is being managed by a foreign investment bank, the sources added on the condition of anonymity.

The sources told the paper that KKR is actively evaluating opportunities in the NBFC space as it looks to expand to its lending business.

The paper said KKR was also in talks to acquire a controlling stake in Aadhaar Housing Finance Ltd, a unit of Wadhawan Global Capital (WGC), which also controls Dewan Housing Finance Limited (DHFL). However, Aadhaar was acquired by Blackstone in February.

KKR in talks to buy majority stake in Altico Capital, says report

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