KKR buys minority stake in India's Shriram General Insurance
KKR has acquired a 9.99% stake in Shriram General Insurance, an Indian insurer backed by local conglomerate Shriram Group and African financial services group Sanlam, for an undisclosed sum.
Anil Kumar Aggarwal, a managing director and CEO of Shriram General, told VCCircle that the private equity firm had paid nearly INR 18bn (USD 237m) and would also get a board seat. TPG Capital is an...
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