A spate of buyouts in the standalone health insurance segment has seen private equity (PE) players, hospital chains and large mortgage lenders jumping in to get a piece of the cake. So, what’s cooking?
The latest to get on to the bandwagon is the Housing Finance Development Corporation (HDFC) – it is to acquire the 51.2 per cent stake held by Apollo Hospitals in Apollo Munich Health Insurance for Rs 1,347 crore; and plans to merge the company with its general insurance subsidiary, HDFC Ergo.
Earlier in February, True North bought Max India’s 51 per cent stake in
The latest to get on to the bandwagon is the Housing Finance Development Corporation (HDFC) – it is to acquire the 51.2 per cent stake held by Apollo Hospitals in Apollo Munich Health Insurance for Rs 1,347 crore; and plans to merge the company with its general insurance subsidiary, HDFC Ergo.
Earlier in February, True North bought Max India’s 51 per cent stake in