KKR has plans to merge its wholesale non-banking financial company (NBFC) business with Mumbai-based InCred’s retail franchise and will invest in InCred as part of the deal.
The combined entity will operate under the InCred brand name, and post the deal, the merged loan book size is expected to be around ₹6,000 crore ($801,254.40).
With the investment LLR will be the largest investor bloc backing InCred, according to several media outlets.
