KKR & Co and Government of Singapore Investment Corp (GIC) are monetising part of their holdings in India’s largest mortgage lender, Housing Development Finance Corporation, through secondary market transactions, multiple sources with direct knowledge of the matter told ET. The transaction would be for at least $500 million (Rs 3,472 crore) of HDFC shares, which would constitute a little over 1 per cent of the company’s stake at Friday’s closing stock price.

— The Economic Times

AZB & Partners advised Silverview Investments Pte Ltd, a fund of Kohlberg, Kravis Roberts & Co LP KKR led by a team of partners Darshika Kothari and Nilanjana Singh.

2019-04-01

Deal value: Confidential

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