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KSSF acquires 74% stake in HKR Roadways May 19, 2021 Has funded the debt in the company for a one-time settlement Kotak Special Situations Fund (KSSF) on Wednesday announced it has acquired 74 per cent stake in HKR Roadways (HKR) and has funded the debt in the company for a one-time settlement with existing lenders for ₹715 crore. “This successful funding and resolution of debt is the first one in the road sector for KSSF,” it said in a statement. HKR, a special purpose vehicle owned by a consortium led by Gayatri Group, was awarded a 25 years concession by the Andhra Pradesh Road Development Corporation (now Telangana government).

Andhra pradeshEshwar karraKotak special situations fundGayatri groupDevelopment corporationSituations fundAndhra pradesh road development corporationSwiss challenge auctionஆந்திரா பிரதேஷ்ஈஸ்வர் கர்ராகோட்டக் சிறப்பு சூழ்நிலைகள் நிதிகாயத்ரி குழுவளர்ச்சி நிறுவனம்சூழ்நிலைகள் நிதிஆந்திரா பிரதேஷ் சாலை வளர்ச்சி நிறுவனம்