Indian health insurer Niva Bupa files IPO to raise up to Rs 3,000 crore ($360m) for strengthening balance sheet and covering operating expenses.
Indian health insurer Niva Bupa files IPO to raise up to Rs 3,000 crore ($360m). Majority owner Bupa will issue fresh shares worth up to Rs 8 crore. Proceeds to strengthen balance sheet and cover operating expenses. Existing shareholders Bupa Singapore Holdings and Fettle Tone to sell shares up to Rs 2,200 crore. The IPO takes place in India's booming IPO market with over 100 companies raising around $4bn this year.
July 01, 2024
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