Kohlberg Kravis Roberts has invested in Indian hospitals chain Apollo Hospitals in a deal worth INR 5.5 billion (€65 million; $90 million), according to a statement from the target company.Â
KKR will subscribe to convertible debentures issued by Apollo’s parent company PCR Investments. KKR has the option to convert the debentures into equity shares in Apollo Hospitals at the end of five years, with the founders holding the right to buy back these instruments after two years.
