Indian Billionaire Secures $700 Million Private Credit for Megha Engineering Stake Buyout

Indian Billionaire Taps $700 Million Private Credit for Megha Buyout

A key shareholder of India’s Megha Engineering & Infrastructures Ltd. is seeking to raise about $700 million from global private credit investors to buy out his uncle’s stake in the company, according to people familiar with the matter, in what would be one of the nation’s biggest deals this year.

By Saikat Das and Baiju Kalesh