News › Markets  ·  31 Aug 2026, 10:04 AM IST  ·  about 19 hours ago

Megha Engineering's PV Krishna Reddy taps $700 million private credit to buy out uncle's stake

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In one line — Billionaire PV Krishna Reddy, managing director of Megha Engineering & Infrastructures, is seeking about $700 million from global private credit investors to help finance the purchase of his uncle's 43% stake. 

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Source: Mint · AI-summarised by Anadi · Updated 31 Aug 2026, 10:14 AM IST

What Happened

Billionaire PV Krishna Reddy, managing director of Megha Engineering & Infrastructures, is seeking about $700 million from global private credit investors to help finance the purchase of his uncle's 43% stake.