
Kohlberg Kravis Roberts & Co., a buyout firm, is widening its money-lending activity in India, looking to lend as much as $327 million to Hotel Leelaventure against two prime properties.
The hospitality chain promoted by Captain CP Krishnan Nair, and partly owned by ITCBSE, reached out to the buyout firm as it has been unable to raise resources as stipulated during its previous loan restructuring package. Its debt is more than $767 million.
Any deal, if consummated, could be a structured one which may provide an upside for the private equity firm. In December last year, Hilton Worldwide Holdings raised $2.35 billion in an IPO, the largest by a hotel company. The nominal gains of the Blackstone group, Hilton's owner, is among the largest for a private equity company, according to international media reports.