{"id":272152,"date":"2019-05-01T05:31:26","date_gmt":"2019-05-01T05:31:26","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=272152"},"modified":"2019-05-01T05:31:26","modified_gmt":"2019-05-01T05:31:26","slug":"kkr-gic-betting-on-indias-power-sector-with-400-million-investment-sources","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/kkr-gic-betting-on-indias-power-sector-with-400-million-investment-sources\/","title":{"rendered":"KKR, GIC betting on India&#8217;s power sector with $400 million investment: Sources"},"content":{"rendered":"<p>HONG KONG: Global investment firm KKR &amp; Co Inc is leading a deal to acquire a controlling stake in India Grid Trust (IndiGrid), in a bet on the country&#8217;s rapidly growing power sector, people familiar with the transaction told Reuters.<\/p>\n<p>KKR, together with Singaporean sovereign wealth fund GIC, will acquire up to 57% of IndiGrid for about $400 million, the people said. IndiGrid&#8217;s current market value is about $332 million.<\/p>\n<p>The deal would mark KKR&#8217;s first infrastructure investment in Asia since it set up a team late last year that focuses on the sector in the region.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>HONG KONG: Global investment firm KKR &amp; Co Inc is leading a deal to acquire a controlling stake in India Grid Trust (IndiGrid), in a bet on the country&#8217;s rapidly growing power sector, people familiar with the transaction told Reuters. KKR, together with Singaporean sovereign wealth fund GIC, will acquire up to 57% of IndiGrid for about $400 million, the people said. IndiGrid&#8217;s current market value is about $332 million. The deal would mark KKR&#8217;s first infrastructure investment in Asia since it set up a team late last year that focuses on the sector in the region.<\/p>\n","protected":false},"author":44,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[139,130,237],"tags":[],"class_list":["post-272152","post","type-post","status-publish","format-standard","hentry","category-live-mint","category-newspapers","category-power-live-mint"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/272152","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/44"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=272152"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/272152\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=272152"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=272152"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=272152"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}