India: True North seeks more opportunities in insurance after Max Bupa deal

Photo: Reuters

Home-grown private equity (PE) firm True North, which last week agreed to buy a controlling stake in Max Bupa Health Insurance Co. Ltd, is bullish on the domestic insurance market and is seeking more investment opportunities in life and general insurance sectors too, said a senior executive at the PE firm.

While its first investment in the insurance space is a buyout, according to True North managing partner Vishal Nevatia, the PE firm is also open to minority investments if it finds the right partner.

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