US-based investment firm KKR has acquired a 9.99% stake in Shriram General Insurance (SGI). The transaction is subject to regulatory approval.
Founded in 2008, SGI is a joint venture between the Indian financial services conglomerate Shriram Group and the South African insurance group Sanlam [4].
Links:
[1] https://twitter.com/intent/tweet?url=https%3A%2F%2Fwww.atlas-mag.net%2Fen%2Farticle%2Fkkr-acquires-stake-in-shriram-general-insurance&text=KKR+acquires+stake+in+Shriram+General+Insurance
[2] https://www.linkedin.com/shareArticle?url=https%3A%2F%2Fwww.atlas-mag.net%2Fen%2Farticle%2Fkkr-acquires-stake-in-shriram-general-insurance&source=Atlas Magazine&mini=true
[3] https://www.atlas-mag.net/en/issue/atlas-magazine-n-190-april-2022
[4] https://www.atlas-mag.net/en/article/sanlam-group-establishment-development-and-expansion