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  1. KKR bets on Indian life insurance with 10% stake in Max Financial Services

KKR bets on Indian life insurance with 10% stake in Max Financial Services

Private equity firms KKR & Co LP said on Thursday it bought a 10 percent stake in Max Financial Services for an undisclosed sum, looking to benefit from "robust growth" in India's life insurance market.

By: | Hong Kong | Published: February 18, 2016 11:05 AM
Max Group split several of its businesses last month into three separately listed entities, Max Financial Services, Max India, which have businesses in healthcare and health insurance, and Max Ventures and Industries Ltd, which makes specialty film for the packaging industry.

Max Group split several of its businesses last month into three separately listed entities, Max Financial Services, Max India, which have businesses in healthcare and health insurance, and Max Ventures and Industries Ltd, which makes specialty film for the packaging industry.

Private equity firms KKR & Co LP said on Thursday it bought a 10 per cent stake in Max Financial Services for an undisclosed sum, looking to benefit from “robust growth” in India’s life insurance market.

The investment was made from KKR’s Asian Fund II, the company said in a statement.

Max Group split several of its businesses last month into three separately listed entities, Max Financial Services, Max India, which have businesses in healthcare and health insurance, and Max Ventures and Industries Ltd, which makes specialty film for the packaging industry.

Max Financial Services owns a 72 percent stake in India’s fourth-largest private life insurer Max Life.

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