KKR acquires 60 pc stake in Ramky Enviro

KKR acquires 60 pc stake in Ramky Enviro

Agency News

Hyderabad, Feb 11 : KKR, a Global investment firm has completed its acquisition of Ramky enviro engineers Limited (REEL), a leading provider of environmental services and solutions in the country, by acquiring 60 per cent stake in REEL for Rs 3630 crore through primary and secondary investments.

In addition to investing in Ramky Enviro from its KKR Asian Fund III, the investment is part of KKR’s Global Impact strategy, which is focused on identifying and investing behind businesses with positive social or environmental impact that measurably contribute solutions to one or more of the United Nations Sustainable Development Goals.

In a statement here on Monday, REEL Managing Director and CEO, M. Goutham Reddy, said, “India is home to some of the world’s most pressing waste management needs, and Ramky Enviro has an important role to play in providing critical solutions to communities across the country. (UNI)