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KKR, the Global private equity fund has picked up 9.95% stake in the listed Max Financial Services which is a newly demerged entity of the Max Group that owns an approximate 72% stake in Max Life.
The company has said in a release that KKR acquired its stake from a sponsor group led by Analjit Singh, the Chairman Emeritus of the Max Group.
Analjit Singh said that “KKR has been a long-standing, value-added partner to Max Group across various business initiatives. The extension of our partnership couldn’t have happened at a more opportune time than now, following the listing of Max Financial Services which creates an unparalleled platform to invest in the Indian life insurance space.”
