The joint venture entity called as Max Bupa Health Insurance, will see an equity infusion of Rs 100 crore from both companies. Max India will hold 50 per cent equity in the JV company while the balance of 24 per cent to be held by Chairman of Max India, Analjit Singh and his family through certain intermediate companies.
Bupa Group will take a 26 per cent stake in the entity, the maximum allowed under current Indian rules on foreign investment in the country.
