After $530-mn deal, KKR to stick with Ramky Enviro's present management

Ramky Enviro Managing Director and CEO Goutham Reddy confirmed on Monday that he would continue to lead the company

Global investment firm KKR on Monday likened its acquisition of Hyderabad-based Ramky Enviro Engineers Limited (REEL) to the Gland Pharma deal concluded last year by Chinese company Fosun Pharma as the existing promoters are likely to play a central role in building the business.   

"This is a little bit like Gland (Gland Pharma deal) in a way that you are taking control of the company and working with the existing management to try and take it to a new level," KKR India member and CEO Sanjay Nayar said as he sought to place the future role of existing promoters on