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KKR Invests in Shriram General Insurance

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Monday, April 11, 2022
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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.

Key Points: 
  • 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.
  • KKRs investment will position Shriram General Insurance for continued growth in Indias fast-growing general insurance industry.
  • View the full release here: https://www.businesswire.com/news/home/20220411005340/en/
    Founded in 2008, Shriram General Insurance is a joint venture between Shriram Capital, the holding company for Shriram Groups financial services business and Sanlam Limited, a leading pan-African financial services group.
  • Shriram General Insurance is a Jaipur-based 13-year-old company licensed with the IRDAI (Insurance Regulatory and Development Authority of India).