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Why KKR has gone off the beaten track in India
In 1988, Kohlberg Kravis Roberts (KKR), the private equity (PE) giant, was at the centre of the mother of all corporate takeover battles when it acquired RJR Nabisco for $25 billion, a deal that has since been the benchmark for leveraged buyouts worldwide. Twenty four years after that battle, Sanjay Nayar, the CEO of the firm's India office, says, "We are involved with our partners as engaged shareholders