German insurer, Munich Re, has almost doubled its stake in an Indian JV with the hospital group Apollo, Apollo Munich Health Insurance. Munich purchased another 23.3% of the equity for 163.5 Crore INR (US$24m), taking its stake to 48.7%. Apollo is also selling a 30% stake in its outpatient business, Apollo Health and Lifestyle (AHLL), for around 500 crore INR (US$73m). KKR, Carlyle and Apax are all said to be in the running.