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Max India quits health insurance business.

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


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.

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Publication:M2 EquityBites (EQB)
Geographic Code:9INDI
Date:Feb 27, 2019
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