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Posted on: Feb. 27, 2016, 1:30 p.m.
KKR today announced that it has acquired an approximate 9.95% stake in Max Financial Services (BSE:500271), the newly demerged entity of the Max Group that owns an approximate 72% stake in Max Life, India’s fourth-largest private life insurance player. KKR acquired its stake from a sponsor group led by Analjit Singh, Chairman Emeritus of the Max Group. Full investment news article