Deccan Chargers

KKR may pick 47% in Deccan Chargers

By admin ⋅ November 3, 2008 ⋅ ⋅ ⋅ Post a comment

Deccan Chargers—the Hyderabad franchisee of the Indian Premier League (IPL)—is learnt to be in final stages of discussions with KKR, the New York-based PE fund, for divesting a significant minority stake. It is leant that KKR has submitted a term sheet for picking about 47% stake in the team at a pre-money valuation of $20 million (Rs 100 crore).

Via ET

Tags: deccan chargers, pe fund, stake