India: PE major KKR snaps up 10% stake in Max Financial Services

India: PE major KKR snaps up 10% stake in Max Financial Services

Visual from Max website

Global private equity firm KKR and Co. Lp has acquired 9.95% stake in Max Financial Services, the newly demerged entity of the Max Group that owns an approximate 72% stake in Max Life, India’s fourth-largest private life insurance player. KKR acquired the stake from a sponsor group led by Analjit Singh, chairman emeritus of the Max Group.

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