Niva Bupa Health looks to raise ₹3,000cr from IPO

Mumbai: Niva Bupa Health Insurance (formerly Max Bupa) has submitted a draft red herring prospectus to Sebi to raise Rs 3,000 crore. The IPO includes an offer for sale and a fresh issue of shares. Private equity investor True North, which acquired 51% of Max India in 2019 and which holds its stake through Fettle Tone, will get a partial exit though the OFS. The sale offer includes up to Rs 320 crore by Bupa Singapore Holdings and up to Rs 1,880 crore by Fettle Tone, with the remaining Rs 800 crore being a fresh issue of shares.Tnn

Niva Bupa IPO: Health Insurance company files draft prospectus to raise Rs 3,000 crore

Health Insurer Niva Bupa plans to raise Rs 3,000 crore via an IPO, with a focus on strengthening its capital base and solvency. The company's profits surged in 2024, and it operates 210 branches across India. Niva Bupa aims to list on both BSE and NSE, following Star Health's footsteps.

Niva Bupa Health looks to raise Rs 3,000 crore from IPO

Niva Bupa Health Insurance's Rs 3,000 crore IPO sees True North exiting partially through an offer for sale. It involves contributions from Max India, Fettle Tone, and Bupa Singapore Holdings, including a fresh share issuance.

Telangana on a high, to uncork Rs 40,000 crore from booze sales

Telangana is set to break the Rs 40,000 crore revenue mark from liquor sales, surpassing targets with the support of Telangana State Beverages Corporation Ltd. Strategic pricing revisions aim to bolster state finances, showcasing an exponential rise in excise revenue.