International health care group Bupa has completed a transaction to increase its stake in health insurance joint venture Max Bupa from existing 26 per cent to 49 per cent.
For the purchase of additional 23 per cent stake, Bupa has paid Rs 207 crore to Max India.
Launched in 2010, Max Bupa is the seventh largest private health insurer in India.
With the completion of this transaction, Max India's stake in Max Bupa has come down to 51 per cent.