KKR India Asset Investments PTE Ltd, part of Kohlbert Kravis Roberts & Co. (KKR Group), will acquire Chennai-based Motichand Finance Pvt Ltd, a non-banking finance company. The global firm is planning to acquire complete control in the company through different modes.
Mothichand Finance is planning to issue equity shares to KKR India Asset Investment, which will subscribe to more than 50% of the total equity share capital of the company.
Post the proposed subscription, KKR Capital Markets India Pvt, which is also existing shareholder in the company, plans to transfer its entire shareholding in the company to KKR India Asset.
Pursuant to the proposed subscription and proposed purchase, KKR India Asset would own effectively 100% of the equity share capital of the company, said KKR India Asset, without disclosing the value.
