News Digest

14 December 2017
KKR scouts buyers for 49% stake in producer of

he US private equity fund KKR is scouting for buyers for its 49% stake in Endemol Shine India, which produces popular reality television shows such as Bigg Boss, Khatron Ke Khiladi and MasterChef India, people directly aware of the matter said. KKR could fetch Rs 450-700 crore for its stake in the Indian arm of Dutch television and film production company Endemol, they said, adding that the final value of the deal would include the "option value" for new content in the pipeline that is yet to be commercially tested. Endemol Shine Group owns remaining 51% stake in the Mumbai-based producer of films and TV shows. Aspokesperson for KKR declined comment in response to ET''s queries. According to sources cited earlier, the PE firm has appointed San Francisco-based investment banking boutique GCA Savvian to arrange the sale of its stake. Potential suitors are yet to be approached, they said.

Read More