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KKR completes exit from fraud-hit manufacturing firm with poor returns

By Ankit Doshi

  • 21 Aug 2020
Premium
KKR completes exit from fraud-hit manufacturing firm with poor returns
Credit: VCCircle

Global alternative assets giant KKR has fully exited a manufacturing company that has struggled over the past many months due to high debt, an accounting fraud, legal woes and a top management change. The private equity firm sold 19 million shares of CG Power & Industrial Solutions Ltd on Friday for ......

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