LeapFrog buys 15% of India’s Mahindra Insurance for $15m
LeapFrog Investments, a firm focusing on microinsurance for the world's poor, has bought a 15% stake in India’s Mahindra Insurance Brokers (MIBL), for INR804.1 million (nearly $15 million).
The firms claim the alliance will have a significant impact on financial inclusion in South Asia. MIBL, a wholly-owned subsidiary of Mahindra & Mahindra Financial Services, is an insurance broker for...
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