Bain eyes first India insurance stake
Synopsis Bain Capital is nearing a deal to buy a significant stake in IndusInd General Insurance. This acquisition could value the insurer at over sixteen
Synopsis Bain Capital is nearing a deal to buy a significant stake in IndusInd General Insurance. This acquisition could value the insurer at over sixteen thousand crore rupees.
The private equity firm expects to invest between four thousand and five thousand crore rupees. Discussions are currently focused on valuation and final commercial terms.
The deal is anticipated to be finalized by late August or early September.
The BriefWire