Current Affairs - Business - Discussion

Discussion :: Business - Latest Current Affairs (Q.No.11)

11. 

Which US private equity giant has agreed to acquire a 54% stake in Mumbai-based drug manufacturer JB Chemicals & Pharmaceuticals for approximately Rs 3100 crore?

[A]. The Blackstone Group
[B]. Kohlberg Kravis Roberts & Co.
[C]. The Carlyle Group
[D]. KKR Group

Answer: Option D

Explanation:

US private equity giant KKR has agreed to acquire a 54% stake(41.7 million or 4.17 crore fully paid up equity shares) in Mumbai-based drug manufacturer JB Chemicals & Pharmaceuticals for approximately Rs 3100 crore. KKR will make the investment through its subsidiaries, Tau Investments Holdings Pte. Ltd., Tau Holdco Pte. Ltd., and KKR Asia III Fund Investments Pte.

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