Max Bupa joint venture share enhances to 49 per cent

Submitted by alvin on Mon, 2016-06-13 17:14 Bengaluru: International healthcare group Bupa and leading multi-business corporate, Max India Ltd., today announced the completion of the transaction to enhance Bupa’s shareholding in their health insurance joint venture Max Bupa from 26�o 49�The application to increase Bupa’s shareholding was submitted following changes to India’s foreign direct investment (FDI) rules to allow up to 49�wnership of insurance companies by foreign investors. Bupa is one of the first foreign investors in India’s health insurance sector to have its application to increase its shareholding.Rahul Khosla, president, Max Group and Chairman, Max India, said, “Bupa’s stake increase is a clear affirmation of the huge growth opportunity for health insurance in India.”