Brown's resignation follows that of Citigroup's South Asia CEO, Sanjay Nayar, who has quit the financial services major to join Kohlberg, Kravis, Roberts & Co as its Country Chief.
Pet and consumer foods manufacturer Del Monte Foods Company has agreed to $5.3 billion acquisition proposal by a group of private equity firms including Kohlberg Kravis Roberts & Co (KKR). KKR along with Vestar Capital Partners and Centerview Partners have offered $19 a share in cash for the food company, Del Monte said in a press statement. The transaction, which was unanimously approved by Del Monte's board of directors, is valued at about $5.3 billion.
However, the number of transactions declined to 76 in January-March this year from 110 in the year-ago quarter.
Henry Kravis, co-founder of global private equity firm Kohlberg Kravis Roberts & Co, thinks India should go for a bad bank to deal with bad assets in banks. In an interaction with journalists in Delhi, he says there are plenty of opportunities in India. He was joined by India CEO Sanjay Nayar.
© 2026 Rediff.com - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances