KKR looks to sell stake in financial services firm Avendus: report

KKR & Co is in talks with advisers to sell its stake in Avendus Capital Ltd, valuing the financial services provider at more than USD 500 million. Other investors in the Mumbai-based firm might also join KKR, taking the stake up for sale to about 80% of the company. KKR had purchased a majority stake in Avendus in 2015 and agreed to invest more money in 2017. Avendus offers investment banking, wealth management, structured lending, and alternative assets management.