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Max India rallies 26% in two days on talks of exiting health insurance biz

The stock moved higher by 13% to Rs 75.65, rallied 26% in past two trading days on the BSE on back of heavy volumes.

Health Insurance
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Health Insurance

SI Reporter Mumbai
Shares of Max India have moved higher by 13% to Rs 75.65 per share, rallying 26% in the past two trading days on the BSE on back of heavy volumes. The rally comes on the back of reports that it is likely to exit from the health insurance business.

According to a Mint report, the private equity firm True North Managers Llp is close to buying out Analjit Singh-promoted Max India Ltd’s entire 51% stake in standalone health insurer Max Bupa Health Insurance Company.

Max India will exit the health insurance business a decade after it entered as