Analjit Singh-promoted Max India is close to selling their entire 51 percent stake in Max Bupa Health Insurance to private equity company True North Managers Llp, Mint reported.
The holding company is set to exit the health insurance business ten years after it entered as a promoter, two people with direct knowledge of the discussions told Mint.
The deal would value Max Bupa at around Rs 2,000 crore, one of the sources added.
Emails sent by Mint to Max India, True North, KPMG and Khaitan remained unanswered.
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First Published: IST