Indian Tycoon Piramal, TPG Inc. Weigh Selling Stakes in Shriram General: Sources March 28, 2023 By Baiju Kalesh Billionaire Ajay Piramal and TPG Inc. are considering selling their stakes in Shriram General Insurance Holdings Co., according to people...
India’s Kotak Mahindra Bank Weighs Sale of Stake in General Insurance Unit: Sources February 13, 2023 By Baiju Kalesh, Preeti Singh and Manuel Baigorri Kotak Mahindra Bank Ltd., backed by billionaire Uday Kotak, is considering selling a minority stake in its general insurance unit,...
Life Insurance Corp. of India’s IPO Prospectus Could Be Filed in Final Week of January January 11, 2022 By Vrishti Beniwal, Baiju Kalesh and Suvashree Ghosh Life Insurance Corporation of India could file a prospectus in the final week of January for what would be the...
KKR Nears Deal to Buy Stake in India’s Shriram General Insurance Ahead of IPO December 15, 2021 By Baiju Kalesh and Anto Antony KKR & Co. is nearing a deal to buy a 10% stake in Shriram Capital Ltd.’s general insurance unit for...
Berkshire Hathaway, Other Foreign Firms to See Payoffs From India’s Fintech Revolution November 2, 2021 By Saritha Rai, Suvashree Ghosh and Baiju Kalesh China’s transformation from a financial-technology backwater into a $46 trillion-a-year global leader in digital payments left most international investors watching...
Amazon-Backed Indian Online Insurer Acko Valued at $1.1B in New Funding Round October 29, 2021 By Baiju Kalesh General Atlantic and local private equity firm Multiples Private Equity led a $225 million funding in Acko General Insurance, valuing...
Amazon-Backed India Insurer Startup Eyes Funding Round that Could Create $1B Value May 12, 2021 By Baiju Kalesh Acko General Insurance Ltd. is weighing a new funding round that could value the Indian online insurer at more than...
Indian Insurtech Policybazaar Plans Mumbai IPO April 7, 2021 By Baiju Kalesh Indian online insurance platform Policybazaar is planning to file a draft prospectus as soon as next month for its Mumbai...
India’s Future Group to Sell Stake in Insurance Joint Venture with Generali April 13, 2020 By Baiju Kalesh India’s Future Group has picked UBS Group AG to lead the sale of its stake in an insurance joint venture...
India’s Reliance Capital Ends Talks to Sell Its General Insurance Unit September 10, 2019 By Baiju Kalesh and P R Sanjai Reliance Capital Ltd. has called off a sale of its general insurance unit to Hero Fincorp, forcing embattled Indian tycoon...