Saturday, 30 December 2017

KKR Gets RBI Nod to Start India’s 1st Foreign-Owned ARC

US buyout giant KKR & Co has become the first foreign investor to fully own an asset reconstruction company (ARC) in India as it received approval from the Reserve Bank of India.

KKR, one of the most aggressive investors in financial services, plans to deploy a major chunk from its record Asia fund for buying troubled assets in the country, multiple sources with direct knowledge of the matter.

Source- The Economic Times

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