Oaktree Capital Management loans Rs 10,000 crore to MEIL's Krishna Reddy for family buyout

Wait 5 sec.

Oaktree Capital Management, led by Howard Marks, will lend up to Rs 10,000 crore to MEIL's managing director, PV Krishna Reddy, to facilitate his acquisition of PP Reddy's 49% stake. Krishna Reddy plans to utilize the funds, along with potential asset sales and IPOs, to complete the buyout by March 2027.