Max group to split into three, Analjit Singh to step down

Published On 2016-01-16 08:09 GMT   |   Update On 2016-01-16 08:09 GMT
Advertisement
New Delhi: Max India, the holding company having businesses along various spectrums including healthcare, insurance as well as financial services, has announced a vertical split of the company into three major parts. These include Max Financial Services (MFSL),Max India and Max Venture Industries (MVIL). As a part of restructuring Max Financial Services (MFSL), will hold a 72.1% stake in the life insurance joint venture company Max Life Insurance and will be now headed by Former HSBC head, Naina Kidwai, who will join as a Chairman.

Moreover, Max India will be the holding company for Max Healthcare, Max Bupa Health Insurance (MBHIL) and Antara Senior Living.

Analjit Singh will remain the Chairman of the third company MVIL, and act as a chairman emeritus and a permanent invitee to the boards and committees of all Max Group companies.

As reported by Forbes India, on stepping down as Chairman in two of the companies, Analjit Singh said "The group operates diverse businesses, each of which has considerable value and growth potential. The demerger will provide investors a choice to continue to be associated with all these businesses, or in the set of businesses that suit their respective investment objectives."

Max India, which the holding company of Max Healthcare, will now have a stake of 46.4% in the company, and will be headed by Rahul Khosla as the Chairman.
Tags:    

Disclaimer: This website is primarily for healthcare professionals. The content here does not replace medical advice and should not be used as medical, diagnostic, endorsement, treatment, or prescription advice. Medical science evolves rapidly, and we strive to keep our information current. If you find any discrepancies, please contact us at corrections@medicaldialogues.in. Read our Correction Policy here. Nothing here should be used as a substitute for medical advice, diagnosis, or treatment. We do not endorse any healthcare advice that contradicts a physician's guidance. Use of this site is subject to our Terms of Use, Privacy Policy, and Advertisement Policy. For more details, read our Full Disclaimer here.

NOTE: Join us in combating medical misinformation. If you encounter a questionable health, medical, or medical education claim, email us at factcheck@medicaldialogues.in for evaluation.

Our comments section is governed by our Comments Policy . By posting comments at Medical Dialogues you automatically agree with our Comments Policy , Terms And Conditions and Privacy Policy .

Similar News