Niva Bupa Block Deal: Shares of Niva Bupa Well being Insurance coverage Firm (Niva Bupa Well being Insurance coverage Firm Ltd.) can keep in deal with Monday (June 2). As a result of there’s a risk of a big stake block deal within the firm. In response to sources, Fettle Tone and Krishnan Ramchandra are getting ready to promote 7.2% stake in whole. How a lot will the provide worth worth? The provide worth for the block deal is fastened at ₹ 82 per share, which is about 11% lower than the closing worth of ₹ 91.80 in Friday. Accordingly, the full dimension of the deal is predicted to be round ₹ 1,082 crore. ICICI Securities and Kotak Mahindra Capital are funding banks engaged on this deal. In response to the March quarter shareholding information, the promoters have a 55.98% stake in NIVA BUPA. On the involved information, the corporate’s inventory recorded a slight decline on Thursday and closed 0.60% to shut at ₹ 91.80. Nonetheless, within the final one month it has seen an increase of as much as 12%, on account of which the development of buyers has been sturdy. The IPO got here within the final six months. Within the final six months, the inventory of Niva Bupa Well being Insurance coverage has elevated by 23.4 %. British insurance coverage firm Bupa is a promoter of the agency with 55.98 % stake and True North through Fetal Tone LLP holds 17.47 % stake. NIVA Bupa had an IPO of ₹ 2,200 crore in November 2024. This included a contemporary difficulty of ₹ 800 crore and a suggestion on the market of ₹ 1,400 crore. Niva Bupa shares have been listed at ₹ 75.45 towards the problem worth of ₹ 74, which was a minor premium of about 2%. What’s Niva Bupa’s enterprise? NIVA Bupa is a serious standalone medical health insurance supplier. It presents a variety of medical health insurance associated services in India. The corporate gives services like Private and Household Well being Insurance coverage Coverage, Important Sickness Cowl, Prime-Up Plan, and Cashless Hospital Community. NIVA BUPA enterprise fashions are immediately centered on promoting insurance coverage by means of clients (D2C), agent networks, banking companions and digital plates. This firm was beforehand often called Max Bupa, however later modified its identify in partnership with Bupa (UK Healthcare Firm) and True North (An Indian Personal Fairness Agency). Is. It’s needed to say right here that the funding market out there is topic to dangers. All the time seek the advice of consultants earlier than investing cash as an investor. There’s by no means recommendation to anybody to take a position cash on behalf of Moneycontrol.
