Economy · India
Indian Billionaire Seeks $700 Million Private Credit for Megha Engineering Stake Buyout
Megha Engineering & Infrastructures Managing Director PV Krishna Reddy is reportedly seeking approximately $700 million in private credit from global investors. This financing is intended to facilitate his purchase of his uncle's 43% stake in the company. A consortium of lenders, including Davidson Kempner Capital Management, Elham Credit Partners, and Varde Partners, has reportedly begun preliminary work on the financing structure.
How outlets across the spectrum covered it
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- Centre (3): Mint, The Economic Times, The Hindu BusinessLine
- International (1): Bloomberg