Max India divests stake in Max Bupa, steps out of health insurance | Editorji
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Max India divests stake in Max Bupa, steps out of health insurance

Feb 27, 2019 13:35 IST

Max India has said it has sold its entire 51 per cent stake in Max Bupa Health Insurance Limited to a private equity firm, True North Fund VI (six) LLP for over Rs 510 crore. The proposed transaction is an all-cash deal and it values Max Bupa at an enterprise value of Rs 1,001 crore. In a regulatory filing, Max India said the stake has been sold either directly or through its affiliates and True North will nominate directors on Max Bupa's board.

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