Mizuho nears deal to buy KKR's stake in India's Avendus – Moneycontrol

Japan's Mizuho Financial Group Inc. is close to finalizing the acquisition of KKR & Co. Inc.'s stake in India's Avendus Capital Pvt. Ltd. after months of negotiations over valuation and investor exit terms, Moneycontrol reported Oct. 8.

Avendus' promoters and a few minority shareholders, such as Gaja Capital, are largely in agreement with Mizuho's proposed exit terms, according to the report. The deal could be finalized within two to three weeks.

KKR bought Avendus in 2022 and currently holds a 63% stake in the firm. An Avendus spokesperson declined to comment.