New Delhi, Aug. 19 -- Global investment firm KKR will acquire a minority stake in BookMyShow, as the entertainment and ticketing platform seeks to scale its live entertainment business and expand beyond its core movie-ticketing operations.

Funds managed by KKR will pick the stake under definitive agreements signed with BookMyShow, the companies said on Wednesday. The companies did not disclose the financial details of the deal.

Avendus Capital was the exclusive financial adviser to BookMyShow, while Trilegal acted as its legal adviser. The transaction is subject to customary regulatory approvals.

KKR's investment adds another large institutional investor to BookMyShow's shareholder base. Its existing investors include Network18, part o...