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Question
KKR & Co. became India's first Foreign-Owned Asset Reconstruction Company (ARC). It is associated to which country? [JAN 2018]
KKR & Co. became India's first Foreign-Owned Asset Reconstruction Company (ARC). It is associated to which country? [JAN 2018]
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Solution
The correct option is A United States
US buyout giant Kohlberg Kravis Roberts (KKR) & Co. became the first foreign investor to fully own an Asset Reconstruction Company (ARC) in India as it received approval from the Reserve Bank of India (RBI) at a time when lenders were fighting with a pile of bad loans that had crippled their businesses.
US buyout giant Kohlberg Kravis Roberts (KKR) & Co. became the first foreign investor to fully own an Asset Reconstruction Company (ARC) in India as it received approval from the Reserve Bank of India (RBI) at a time when lenders were fighting with a pile of bad loans that had crippled their businesses.
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