PV Krishna Reddy, managing director of Megha Engineering & Infrastructures Ltd (MEIL), is in discussions with private credit players including Elham Credit Partners, Davidson Kempner, and Oaktree Capital to raise around ₹1,500 crore in debt. The funds are intended to help Reddy acquire the stake held by his uncle and MEIL founder, PP Reddy, according to people familiar with the matter.
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