according to VCCEdge. KKR and Gaja Capital together own around 70% stake in Avendus. Founders and employees, along with private individuals such as former Alliance Tires Group CEO Yogesh Mahansaria, own the rest.
The second person said 70% stake in Avendus may be valued at $500-700 million. Queries emailed to KKR, Gaja Capital, TVS, Nomura, Mizuho and Carlyle remained unanswered. Avendus and Rothschild declined to comment.
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