True North agrees $326m India health insurance exit

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True North has agreed to sell about 20% of its stake in Indian insurance company Niva Bupa to its UK-based joint venture partner, Bupa, for approximately INR 27bn (USD 326m).

The private equity firm acquired a 51% stake in the company in February 2019 for INR 5.1bn (then USD 72m). At the time, it was a joint venture between Bupa and Indian conglomerate Max India, known as Max…


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