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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.

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