KKR backs SIMEC to buy out ABG Cement; Rs 900-crore funding to help complete 5.8-million tonne unit in Gujarat

MUMBAI: Private equity heavyweight KKR is teaming up with diversified trading and commodities group SIMEC to invest Rs 900 crore to take over the cement business of debt-laden ABG Group through a complex, multi-tiered financial transaction. The much needed funding … Continue reading

New League of Investors Emerging for Indian Distressed Real Estate Market

Builders, bankers and homebuyers are a worried lot today. With home sales at abysmal lows, real estate companies are finding it difficult to deliver their projects or repay their growing debt on time, and the spectre of non-performing assets is … Continue reading