Printer Friendly

Max India quits health insurance business.

M2 EQUITYBITES-February 27, 2019--Max India quits health insurance business

(C)2019 M2 COMMUNICATIONS http://www.m2.com

Global Banking News - 27 February 2019

Max India, an India-based insurance company, has said that it has exited the health insurance business after selling its entire 51 percent stake in Max Bupa Health Insurance Co Ltd (Max Bupa).

The firm said that the stake was sold to private equity firm True North Fund VI LLP. The deal was valued at INR5.1bn.

The stake has been sold either directly or through its affiliates.

Bupa, JV partner in Max Bupa, is to continue in the joint venture.

[Editorial queries for this story should be sent to gbn@enpublishing.co.uk]

((Comments on this story may be sent to info@m2.com))

COPYRIGHT 2019 Normans Media Ltd.
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2019 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:M2 EquityBites (EQB)
Geographic Code:9INDI
Date:Feb 27, 2019
Words:127
Previous Article:Harris Schedules 4 April Shareholder Vote on L3 Merger.
Next Article:Bank of Montreal announces financial results.
Topics:

Terms of use | Privacy policy | Copyright © 2019 Farlex, Inc. | Feedback | For webmasters