US-headquartered alternative investment firm, KKR, last month announced its acquisition of a 13.33% stake in India-based seed company, Advanta, for $300 million.
The investment was made out of its Global Impact strategy, which looks to support initiatives that address critical global challenges, the release said. A spokesperson for KKR declined to disclose which fund made the investment.
As of December 31, 2021, KKR had over $25 billion worth of equity investments in climate and environmental sustainability initiatives globally.
Advanta is a subsidiary of Indian multinational, UPL, which acquired it in 2006. KKR declined to comment beyond the release, including on...
¬ Haymarket Media Limited. All rights reserved.
