Global investment firm nabs 9.99% stake in Shriram General Insurance

Shriram General plans to benefit from its global insurance expertise.

Global investment firm KKR has acquired a 9.99% stake in India-headquartered Shriram General Insurance subject to regulatory approval.

Founded in 2008, Shriram General Insurance is a joint venture between Shriram Capital, the holding company for Shriram Group’s financial services business, and Sanlam Limited, a pan-African financial services group.

This will be KKR’s third investment in an Indian insurance investment. The firm previously invested in SBI Life Insurance and Max Life Insurance.

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