Apollo Munich Health Insurance has no plans to come out with an initial public offer (IPO) in the near future, said its CEO Antony Jacob.
The company is a joint venture between Apollo Hospitals Group and Germany-based reinsurer Munich Re.
"The foreign partner has already raised its stake to 49 per cent last year...at the moment there is no intention of going public," Jacob said, adding that a decision in this regard, if any, will be taken by the promoters.
Recently, HDFC Standard Life Insurance Company, New India Assurance, and GIC Re hit the market through IPOs.
