Recently
Source:
الخليج
Indian billionaire to buy aunt's stake for $700M
A major shareholder in Mega Engineering and Infrastructure is seeking to raise approximately $700 million from global private credit investors to purchase his uncle’s 43% stake in the company. This deal, which is one of the largest in India for 2026, reflects the sector's growth and the company’s global expansion, especially amid the increasing role of private credit in financing acquisitions. The main shareholder, P.V. Krishna Reddy, has a wealth of two billion dollars. The significance of this move lies in boosting financing for large acquisitions amid a decline in traditional funding options, as India’s private credit market has seen remarkable growth, doubling over the past five years to reach around $25 billion by the end of 2025.
Size: 120%Text Size
Notice: This Is an AI-Generated Summary
Comments (0)