Bupa to up stake in Max India to 49%
   
Quotes

Bupa to up stake in Max India to 49%

Last Updated: Friday, March 13, 2015, 19:16
 
 Comment 0
 
New Delhi: UK-based healthcare group Bupa will increase its stake in Max Bupa from 26 percent to 49 percent, said the company Friday a day after Parliament approved the law to hike foreign investment cap in the insurance sector.

Max Bupa is a 74:26 joint venture between Max India and Bupa.

"We warmly welcome the passing of the Insurance Laws Amendment Bill in the Rajya Sabha, enabling us to submit our application to increase our shareholding in Max Bupa from 26 percent to 49 percent," Bupa said in a statement today.

"Together with Max India, we are committed to developing the business and the health insurance market," said David Fletcher, Managing Director, International Development Markets, Bupa.

Max India Group has presence in life insurance, health care and health insurance sectors. Bupa is one of the leading international health care provider having exposure in the UK, Australia, Spain, Poland, New Zealand, Chile, Saudi Arabia, Hong Kong, India, Thailand and the USA.

"With a customer base of 2 million, Max Bupa is the 7th largest private health insurer in India and has huge potential to grow as demand for quality affordable health care continues to rise," Fletcher said.


PTI

First Published: Friday, March 13, 2015, 19:16


Comments


comments powered by Disqus
Mahindra SUV TUV300 launched
Mahindra SUV TUV300 launched
Apple launches new iPhone 6S
Apple launches new iPhone 6S
Ford Figo Aspire
Ford Figo Aspire
Samsung Galaxy S6 Edge Plus, Note 5
Samsung Galaxy S6 Edge Plus, Note 5
Maruti Suzuki S-Cross
Maruti Suzuki S-Cross

Contact Us : Privacy Policy : Legal Disclaimer
Copyright © Zee Media Corporation Ltd. All rights reserved