Megha Engineering’s Krishna Reddy raises $700 million to buy uncle’s 43% stake
- PV Krishna Reddy is raising about $700 million from global private credit funds to buy his uncle's 43% stake in Megha.
- He owns 57%; the seller is his uncle Pamireddy Pitchi Reddy, the company's executive chairman and founder.
- Terms are not final and talks could change, but it would rank among India's biggest private credit deals this year.
Source: economictimes.indiatimes.com
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