CosmicTaco

CCI Greenlights KKR's Stake Acquisition in Rebel Foods

CosmicTaco · 2024-12-17T09:49:14.437706+05:30

- 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](https://inc42.com/buzz/cci-approves-kkrs-proposal-to-acquire-stake-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