Private Equity

Liquidity Events

Analjit Singh’s family office sells 3.2% in Max Financial to clear Rs.6,000-Cr KKR debt

Economic Times  

Max India promoter Analjit Singh's family office has repaid debts worth INR 5,500-6,000 crore taken from KKR & Co in 2011 for making investments in property and hospitality ventures.The family office paid off INR 1,200 crore to lenders last week by using funds generated from a 3.2% stake in Max Financial. Post the stake sale, the Singh family's holding in Max Financial halved to 3.2%. Max Financial runs a life insurance business in a joint venture with Axis Bank.