True North-led group to buy Religare Health Insurance for $162m
A consortium led by True North Managers will buy a majority stake in India’s Religare Health Insurance (RHI) for INR10.4 billion ($162 million).
The consortium, which also includes Faering Capital and Landmark Holdings CEO Gaurav Dalmia, will purchase an 80% stake in the insurance company held by domestic financial services firm Religare Enterprises...
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