Deputy managing director Mohit Talwar of Max India said that profits for the life insurance business have increased 8 times and AUMs has increased 20% for the same business. Talwar expects Rs 516 crore from the Max Healthcare stake sale. He also stated that the liquidity position of Max group is very healthy.
Max India has entered into a deal to sell 26% stake in a subsidiary, Max Healthcare Institute, for Rs 516.5 crore to a South African company. Rahul Khosla, managing director of Max India says the deal serves for both strategic partnership and brings very attractive financial valuations as well.