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KKR mulls US$1bn India-centric debt fund: report

Reports stated that the fund would aim to benefit from the country's four-year high interest rate and tap the opportunity to lend to cash-strapped Indian corporations.

August 22, 2012 2:30 IST | India Infoline News Service

Global buyout fund KKR & Co LP is in discussions to launch a debt fund to invest in India that could raise between $750 mn to $1 bn, according to reports.

Reports stated that the fund would aim to benefit from the country's four-year high interest rate and tap the opportunity to lend to cash-strapped Indian corporations.

The firm would not launch a new fund until it has closed its second pan-Asia fund, targeted at over $6 bn, report says.

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