Axis Bank Company Update -  Investment In Max Bupa Health Insurance: KRChoksey
Pedestrians walk past signage for Axis Bank Ltd. outside a branch in Mumbai. (Photographer: Dhiraj Singh/Bloomberg)

Axis Bank Company Update - Investment In Max Bupa Health Insurance: KRChoksey

BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.

KRChoksey Report

Axis Bank Ltd. will pick up a 9.9% stake in Fettle Tone LLP, a promoter of Max Bupa Health Insurance Company, for Rs 90.8 Cr.

The acquisition will facilitate the bank to strengthen its insurance business.

About Max Bupa Health Insurance and Fettle Tone LLP Max Bupa Health Insurance is a joint venture between private equity group True North and Bupa, a global health insurance and healthcare company.

True North purchased the stake of Max India Ltd. for an enterprise value of Rs 1,013 Crore.

It received an approval for the same in December 2019.

Click on the attachment to read the full report:

KRChoksey Axis Bank Company Update.pdf

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