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Home News Home-grown PE firm True North to acquire Religare Health Insurance

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Home-grown PE firm True North to acquire Religare Health Insurance

Home-grown PE firm True North to acquire Religare Health Insurance

Sunday, April 9, 2017, 5:36 PM

Religare Enterprises Limited, that owns non-banking finance and healthcare insurance business has decided to divest its health insurance business Religare Health Insurance to home grown private equity firm True North formerly India Value Fund for about Rs.1,300 crore. The negotiation with True North is complete and we are in the process of signing the agreement anytime now,” said a person involved in the deal.
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