Global alternative investment manager KKR has acquired a 10 percent stake in India-listed energy transmission and distribution company CG Power and Industrial Solutions for INR893 million (approximately USD13 million). KKR purchased the shares from Vistra ITCL, an India-based corporate trust services provider, through its non-banking financial company KKR India Financial Services and KKR India Debt Opportunities Fund II. Vistra had previously acquired a 22 percent stake in CG Power on behalf of KKR, the Bank of India, and AXA Investment Management by invoking a pledge on shares provided as collateral for a credit facility extended to CG Power’s parent company Avantha Holdings and its subsidiary Salient Financial Solutions.