KKR, Apollo-Backed Venture Said to Weigh Indian Steelmaker Deals

  • Private equity firms mull stakes in Uttam Galva, Bhushan Steel
  • India iron, steel producers struggle under $46 billion of debt

KKR & Co. and Aion Capital Partners, a private equity firm backed by Apollo Global Management LLC, are among investors considering buying stakes in beleaguered Indian steelmakers, people with knowledge of the matter said.

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