in life insurance after the reliancenippon deal worth rs 2731 crore according to broking firm sharekhan the valuation was much higher than expected in the twostage deal max india bought a 937 stake from its american partner of 11 years for rs 182 crore and then sold the same to its new overseas partner for rs 984 crore translating into a neat pretax net gain of rs 802 crore for the value it created in building the company and approving the transaction similarly it made a killing when life healthcare snapped up a 26 stake in max indias healthcare business last year the south african firm paid max around rs 5165 crore making it the largest foreign direct investment in the indian healthcare sector the deal valued max indias hospital unit at almost twoandahalf times the valuation at which private equity warburg pincus exited the healthcare company three months earlier besides max india is now looking at reducing stake in its 25yearold packaging films business in a twostage transaction for an enterprise value of about rs 800 crore it is expected to enter into a jv with the potential buyer and hold a minority stake in the new entity analjits touch the operations are being handled by professionals who are given tremendous freedom at the same time when it comes specifically to transactions there is a sense of deja vu a silken touch of analjit there says a delhibased consultant who asked not to be named because he isnt authorised to speak to the media maybe analjit singh has hired those who share his values especially when it comes to deal making he adds notes another consultant based out of gurgaon who has watched max india for a long time the company has over the past few years hired firstclass professionals with wellrounded capabilities he also asked not to be named because he is not allowed to comment on individual companies max india whose leadership team comprises professionals such as mohit talwar cv raghu p dwarakanath prashant hoskote rahul ahuja and sujata ratnam is in the process of hiring more senior professionals through global headhunters khosla says for any promoter letting go of absolute control of the operations of a company is the toughest thing to do says another delhibased consultant tracking max india who also didnt wish to be identified but i have done that says 58yearold singh seated in his impressive aurangzeb road home in new delhi where his docile golden retrievers welcome you without a bark an mba from the university of massachusetts he had hired management guru ram charan author of bestselling book execution to advise him on executing leadership transformation at his company by closely watching how the company functioned he charan used to rip my pants off says singh he used to watch how we functioned and he used to take me to a corner and say things like leave that fellow alone he is good get off his back he