B.V. Krishnan, CEO of KKR India Financial Services. Photo: Aniruddha Chowdhury/MintMumbai: The Abu Dhabi Investment Authority (ADIA), a sovereign wealth fund owned by the Emirate of Abu Dhabi, has acquired a minority stake in KKR India Financial Services Pvt. Through structured financing, KKR has funded close to 70 companies in India, some of which are GMR Holdings Pvt. Ltd as well as Apollo Hospitals Enterprise Ltd.KKR India Financial Services was incorporated in 1995 as a non-deposit taking, non-banking financial company (NBFC). Besides KIFS, KKR’s lending business in India is operated through various other arms—KKR India Alternative Credit Opportunities Fund, the first Alternative Investment Fund (AIF) raised by KKR India; and KKR India Asset Finance Pvt.

Source: Mint December 04, 2017 18:11 UTC