7.2% Stake Sale! Check who all are offloading their shares, Floor Price – Markets – ryan
Updated Jun 1, 2025 22:38 ist
NIVA BUPA Health Insurance Block Deal, Niva Bupa Health Insurance Stake Sale: True North and Niva Bupa Health Insurance’s Managing Director and CEO, Krishnan Ramacandran, are set to set a total of 132 million shares in the company.
The transaction, which can fetch up to RS 1,082 Crore (Approximately $ 126 Million), Calculated at the Floor Price, Is Slamed for Trade on June 2, According to A Term Sheet Seen by Et now.
NIVA BUPA Health Insurance Block Deal: Stake Sale Details
As Part of the Profound Block Trade, Both
True North Affiliate Fettle Tone Llp Currently Owns 17.5 Per Center Holding in Niva Bupa.
Fettle tone is planking to offload up to 122 millions shares, or around 6.7 Per Center Stake in Niva Bupa While Niva Bupa Ceo and Managing Director Krishnan Ramachandraan Is Likely to Dilute 10 Million Shares, Or Around 0.5 Per Cent Holding, Souries Told et Now.
NIVA BUPA Health Insurance Block Deal Floor Price
According to the Term Sheet, The Block Deal Offer Pric is RS 82 Per Share, A Discount of 11.1 Per Cent to the Closing PRICE of The Share Niva Bupa at RS 92.298 Per on the Bast on May 30.
The Book-Building Process for the Block Deal is Scheneded to Close at 8 AM On Monday, June 2, with An An Option For An Earlier Closure with 30 Minutes’ Notice. A 30-Day Lock-IN Perod Will Apply to the Vendors Post-TRARARASACTIONA.
ICici Securities and Kotak Mahindra Capital Are the Investment Banks Acting on the Transaction.
Shares of Niva Bupa Health Insurance Closed 0.09 Per Center at RS 92.28 APIECE on FRIDANART WeEK. The Stock Has Advanced 13.28 Per Cent Over the Past One Month, 26.39 Per Cent in Three months and 22.48 Per Cent in Six Months Respectly.
End of Article
(Tagstotranslate) Niva Bupa Health Insurance Block Deal (T) Niva Bupa Health Insurance Stake Sale Stake Sale (T) Markets News