Megha Engineering MD Seeks $700 Million Credit for Stake Buyout

Megha Engineering MD PV Krishna Reddy is seeking $700 million in private credit to facilitate the buyout of his uncle's stake in the company.

The deal represents a major consolidation move for the infrastructure giant, which has been aggressively expanding its portfolio in the energy and construction sectors.

Financial experts note that this private credit arrangement highlights the growing trend of Indian billionaires utilizing structured debt to streamline ownership structures.