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KKR buying 5 solar assets from Shapoorji Pallonji Group for USD200 million: Report

KKR has reportedly agreed to buy 5 solar assets from Shapoorji Pallonji Group for $200 million. The 5 solar assets are of 317 MW.

According to ET,the divestment will help the group in its deleveraging exercise.

The publication notes that about 50 per cent of its maiden fund has just been raised.

KKR made its first investment in May via a $400-million deal to take control of India Grid Trust (IndiGrid), the infrastructure investment trust of Sterlite Power Transmission.