Date:12/07/2008 URL: http://www.thehindu.com/2008/07/12/stories/2008071255701500.htm

Business

Max India, BUPA form joint venture

NEW DELHI: Max India on Friday formed a joint venture with the U.K.’s leading health and care organisation, British United Provident Association (BUPA) to make a foray into standalone health insurance business. “The company will have an initial paid-up capital of Rs. 100 crore with Max India holding 50 per cent stake, BUPA 26 per cent and 24 per cent with myself,” Max India Chairman Analjit Singh told PTI.