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Thursday, September 20, 2012 - 10:08 IST
LeapFrog to buy 15% in Mahindra Insurance Brokers for $15M
BY TEAM VCC
LeapFrog, which had invested $15M in Shriram Credit Company last year in its debut deal, may invest $10M more in India by December.
Mahindra & Mahindra Financial Services Ltd has struck a deal to sell 15 per cent stake in its wholly-owned subsidiary Mahindra Insurance Brokers Limited to LeapFrog, a social investment fund, for $15 million (Rs 80.4 crore).
Mahindra Insurance...
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