After an earlier exposure to India's largest healthcare firm Apollo Hospitals, Singapore government owned investment firm Temasek has bought shares in Delhi-headquartered healthcare and insurance group Max India. Temasek, one of the two sovereign wealth funds managing investments of Singapore government (the other being GIC), has reportedly picked up more than 3% stake in Analjit Singh-owned Max India through open market purchases.
The investment by Temasek gives it twin exposure in healthcare and insurance business in India. Delhi-headquartered Max India operates a chain of healthcare service centres under Max Healthcare and also owns a stake in the group’s life insurance joint venture with New York Life.
This marks a return in healthcare exposure for Temasek in India. It had sold off its investment in the country’s largest hospital chain Apollo Hospitals three years ago to Malaysia’s sovereign fund Khazanah.
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