Bupa to increase stake in Max Bupa
Bupa, proposes to increase its stake in India's Max Bupa to 49%. Max Bupa Health Insurance announced that it is set to become one of the first companies in India to benefit from the proposed increased limit for foreign direct investment in insurance. Bupa will submit formal applications to the relevant authorities for the regulatory approvals required in order to increase its stake.
Max Bupa, a leading Indian stand-alone private health insurer, is a joint venture between Max India, one of India’s leading multi business corporates, which owns 74% of Max Bupa, and Bupa, the UK-headquartered global healthcare group, which owns 26%. Launched in 2010, Max Bupa is the 7th largest private health insurer in India.