KKR takes direct stake in fraud-hit CG Power & Industrial

By Ankit Doshi

  • 16 Sep 2019
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Credit: 123RF.com

Global private equity giant KKR & Co. has acquired a direct stake in CG Power & Industrial Solutions Ltd after taking over shares of the company, which reported a fraud last month, from a debenture trustee. KKR acquired about 62.674 million shares, representing a tad less than 10% stake in CG Power, ......

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