Corporate News 05-Jan-15
Max India announces Max Bupa to benefit from new insurance FDI limit
Bupa to increase stake in Max Bupa from 26% to 49%
Max India announced that Max Bupa Health Insurance is set to become one of the first companies in India to benefit from the proposed increased limit for foreign direct investment (FDI) in insurance. Following the Insurance Laws Amendment Ordinance 2014 receiving legislative assent in the 2015 Budget Session of Parliament, Bupa, the international healthcare group, proposes to increase its stake in Max Bupa from 26% to 49%. Bupa will submit formal applications to the relevant authorities for the regulatory approvals required in order to increase its stake.
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