Max India Limited has informed stock exchanges that the regulator - Insurance Regulatory and Development Authority of India (IRDAI) – has given the green light to the company to sell its entire stake in Max Bupa Health Insurance Company Ltd.
Max Bupa Health Insurance Company Ltd. is a joint venture between Max India Limited and the UK-based healthcare services expert, Bupa. Max India’s entire stake in the joint venture is bought by Fettle Tone LLP, an affiliate of True North Fund VI LLP).