CCI Greenlights KKR's Stake Acquisition in Rebel Foods

• The Competition Commission of India approved KKR's proposal to acquire shares and CCPS in Rebel Foods through a secondary transaction.
• KKR plans to buy shares worth $50-$75 Mn from existing investors at a valuation of $800-$860 Mn.
• Rebel Foods recently raised $210 Mn in Series G funding, cutting its net loss by 42% in FY24.

Source: Inc42