Niva Bupa and Paras Healthcare receive SEBI approval for IPOs, aiming to raise ₹3,000 crore and ₹400 crore, respectively.
Niva Bupa Health Insurance and Paras Healthcare have received approval from India's Securities and Exchange Board (SEBI) for their initial public offerings (IPOs). Niva Bupa aims to raise ₹3,000 crore, while Paras targets ₹400 crore. Both IPOs will include fresh equity and an Offer for Sale. Funds will be used to strengthen capital bases and for general corporate purposes. Niva Bupa is a leading health insurer with a significant market share and a digital-first strategy.
October 21, 2024
13 Articles