Fundz

Kkr Invests In Shriram General Insurance

PRIVATEApr 11, 2022

Round Type

Funding Round

MumbaiFinancial ServicesConsumer GoodsLending And InvestmentsEmployee BenefitsInsurance

Description

KKR, a leading global investment firm, and Shriram General Insurance Company (“Shriram General Insurance”, “SGI” or “the Company”), a leading general insurance company backed by Indian financial services conglomerate Shriram Group and pan-African financial services group Sanlam, today announced the signing of definitive agreements under which, subject to the receipt of the necessary regulatory approvals, KKR will acquire a 9.99% stake in Shriram General Insurance. KKR’s investment will position Shriram General Insurance for continued growth in India’s fast-growing general insurance industry.

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Company Information

Company

Shriram General Insurance Company

Location

Mumbai, Maharashtra, India

About

Shriram General Insurance Company (SGIC) is a company that offers a wide range of general insurance products including motor, fire, engineering, and health insurance policies.

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Shriram General Insurance Company raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

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