Sanjay Nayar, CEO of private equity major Kohlberg Kravis Roberts (KKR) in India sees more non-core divestitures by Indian businesses in the coming days as companies and promoters become more focused on capital efficiency and reduce their debt burden.
Alongside, there will also be “significant majority stakes” being given in some businesses as entrepreneurs seek private equity help in scaling up and growing businesses.
In an interview with Entrepreneur magazine, Nayar, who earlier headed Citibank in India, said there would also be ‘transformational deals’ to set problems right.
“We are also hopeful of seeing some transformational deals, where good businesses have run into trouble because of wrong capital structures – like what we are observing with hotels, infrastructure and aviation. These sectors are the key to changing the demographics of India,” Nayar said.
02/05/13 First Post
