 "finance")
US-based investor KKR is going back to promoter financing, with structured credit deals and balance sheet solutions, at a time when liquidity has become tight in the market.
KKR is in talks with promoters of companies to put together long-term holding company financing that can help the latter consolidate their debt, said B V Krishnan, chief executive officer at KKR India Financial Services, one of the two main non-bank finance corporations (NBFCs) of KKR in the country. The other NBFC is KKR India Asset Finance, a realty-focused one; Singaporean sovereign fund GIC is one of the main investors.
“The idea is to
