Max India has delegated authority to its Investment & Finance Committee, to examine options for corporate restructuring of the company. Further, notice has been issued to Designated Persons informing closure of trading window for this purpose from January 12, 2015 onwards until further notice as required under the company's Code of Conduct for Prevention of Insider Trading and SEBI (Prohibition of Insider Trading) Regulations 1992.
Recently, UK’s Bupa Insurance announced that it will raise stake in its Indian health insurance venture, Max Bupa, to 49% from the current 26%, becoming the first foreign company to announce a hike in shareholding following amendments to the insurance laws. Max Bupa is a joint venture between Max India (with 74% stake) and UK-based global healthcare group Bupa (26%).
Max India is one of India’s leading multi businesses corporate with interests in Life Insurance, Healthcare and Health Insurance. Since its inception almost three decades ago, it has an experience of managing successful joint venture partnership due to its philosophy of open and transparent relationships always managed in the spirit of equal ownership.
