Bupa acquires 23% more stake in Max JV

NEW DELHI: Global healthcare group Bupa has completed the transaction to pick up another 23% stake in Indian joint venture Max Bupa for Rs 206.54 crore. Max Financial

NEW DELHI: Global healthcare group Bupa has completed the transaction to pick up another 23% stake in Indian joint venture Max Bupa for Rs 206.54 crore. Max Financial Services Ltd (formerly Max India) in November last year decided to divest 23% stake in the joint venture — Max Bupa Health Insurance Company (Max Bupa) — to raise it to the maximum sectoral cap of 49%. Prior to this deal, Bupa held 26% in the joint venture.

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