Global private equity firm KKR has acquired a 9.95% stake in Max Financial Services. The private equity firm acquired the stake from a clutch of investors led by Analjit Singh, Chairman Emeritus of the Max Group.
Max Financial Services, the newly de-merged entity of the Max Group, holds around 72 per cent in Max Life. The fourth-largest life insurer in the private sector, Max Life is a joint venture with Japan-headquartered Mitsui Sumitomo Insurance.