BusinessQuiet 75d · day 75
Megha Engineering's Reddy seeks $700 million to buy out uncle's stake
PV Krishna Reddy is raising private credit from global investors to buy out a family shareholder in India's Megha Engineering & Infrastructures.
What to know
- A key shareholder of Megha Engineering is seeking roughly $700 million from global private credit investors to buy out a family member's stake.
- The deal, reported by Bloomberg and identifying the shareholder as PV Krishna Reddy, would be one of India's biggest transactions of the year.
- Details on the private credit lenders, deal structure, and timeline have not yet been disclosed.
PV Krishna Reddy Managing Director, Megha Engineering & InfrastructuresMegha Engineering & Infrastructures Ltd. Indian construction and infrastructure conglomerate
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