The Blackstone Group, KKR and Capital International are interested in acquiring a stake in India’s United Spirits (USL), The Economic Times reports. The private equity firms may buy a 10% stake, worth $250-300 million, in the spirits marketer.
The stake will be acquired through the issuance of fresh USL shares, and sale of the remaining treasury stock. Vijay Mallya-led USL has overall debt worth $1.44 billion.
Click here to read the story from The Economic Times.
This article was originally published in Alternative Investment News.