Max India approves JV with UK-based firm

Agencies
Posted: 2008-07-11 16:55:13+05:30 IST
Updated: Jul 11, 2008 at 1655 hrs IST

Font Size

Feedback

Discuss

Max India approves JV with UK-based firm

Mumbai, July 11: : Analjit Singh-led healthcare services provider Max India on Friday said the board has approved its joint venture with UK-based Bupa Finance Plc for setting up a health insurance company in the country.

In the JV, to be set up with an initial capital of Rs 100 crore, Max India would hold 50 per stake, the UK firm would hold 26 per cent, while the remaining 24 per cent would be held by Max India Chairman & MD Analjit Singh and his family through certain intermediate companies, the domestic firm said in a filing to the Bombay Stock Exchange.

Bupa is an international health and care company with main focus on health insurance business. The company has presence in three continents with more than seven million customers.

Shares of Max India were trading at Rs 160.15, up 2.59 per cent on the BSE.

Post Comments

Comments: (Limit 3,000 characters)

Name		Message
Email ID
Subject

TERMS OF USE:
The views, opinions and comments posted are your, and are not endorsed by this website. You shall be solely responsible for the comment posted here. The website reserves the right to delete, reject, or otherwise remove any views, opinions and comments posted or part thereof. You shall ensure that the comment is not inflammatory, abusive, derogatory, defamatory &/or obscene, or contain pornographic matter and/or does not constitute hate mail, or violate privacy of any person (s) or breach confidentiality or otherwise is illegal, immoral or contrary to public policy. Nor should it contain anything infringing copyright &/or intellectual property rights of any person(s).

I agree to the terms of use.

Latest News

Print Edition

Events

Max India approves JV with UK-based firm

Post Comments