Krishna Reddy Plans ₹15,000 Crore Buyout of MEIL Co-Founder PP Reddy’s Stake.

PV Krishna Reddy is set to acquire uncle PP Reddy’s 51% stake in Megha Engineering & Infrastructure Ltd (MEIL) for ₹15,000 crore, finalizing a long-planned family settlement. The buyout will be completed by March 2027 through a mix of asset monetisation—including a power transmission project and Megha City Gas—and financing from global banks and funds. Only ₹1,000 crore has been paid so far. MEIL, now a $5 billion infrastructure giant, has grown from a small pipe business into a major player with marquee projects like the Zojila Tunnel and BKC bullet train terminal. The deal reflects a generational transition as PP Reddy plans retirement. However, controversies—including MEIL’s ₹1,966 crore electoral bond purchases and rival challenges—continue to shadow its rise. Krishna Reddy is also considering an IPO and further asset sales to streamline the portfolio and reinforce control over the rapidly expanding infrastructure empire.