KKR & Co. Inc. (NYSE:KKR) plans to split India's largest waste management company Re Sustainability Limited and sell its industrial waste management business at a valuation of at least $1 billion, or INR 83 billion, multiple people aware of the development told ET. The US private equity giant currently owns 60% stake in Re Sustainability (formerly Ramky Enviro Engineers Limited) that handles municipal solid waste, industrial waste and biomedical waste across the country.

The balance 40% is held by founder promoter Ayodhya Rami.