KKR has deployed about $11 billion in India over almost two decades, where it has invested in companies across healthcare, life sciences, technology services and consumer-focused sectors
Rocked by the shadow-banking crisis in India, KKR's local credit unit lost $207 million in the final nine months of 2019, wiping out nearly 40 per cent of its capital
As banks are finding it difficult to provide finance to firms because of their problems, KKR's NBFC has been offering to refinance the term loans to offer them capital for growth and operations