Niva Bupa Health: True North & Ramachandran Exit for ₹1507 Crore
- Private equity firm True North, along with Niva Bupa Health Insurance CEO Krishnan Ramachandran, has divested a combined 10% stake in the health insurer.
- True North, operating through its special purpose vehicle Fettle Tone LLP, sold 17.29 crore shares, representing a 9.46% stake in Niva bupa Health Insurance, according to bulk deal...
- The shares were sold at prices ranging from ₹82.11 to ₹82.76 apiece.Following the transaction, Fettle Tone's shareholding in Niva Bupa decreased from 17.47% to 8.01%.
True North and niva Bupa Health Insurance CEO krishnan Ramachandran have finalized teh divestiture of a 10% stake in the health insurer, a move valued at ₹1,507 crore. The transaction, completed via open market deals, sees DSP Mutual Fund and SBI Mutual Fund acquiring important shares. True north, through Fettle Tone LLP, sold a 9.46% stake, while Ramachandran offloaded a 0.55% stake. Learn the specifics of this significant shift in Niva Bupa’s ownership, including the impact on share prices and the strategic moves of key investors. This is a developing story; News Directory 3 is following the financial dynamics closely. Discover what’s next for Niva Bupa and its investors.
True North, Ramachandran Divest Stake in Niva Bupa Health Insurance
Updated June 02, 2025
Private equity firm True North, along with Niva Bupa Health Insurance CEO Krishnan Ramachandran, has divested a combined 10% stake in the health insurer. The transaction, executed through open market transactions, amounted to ₹1,507 crore.
True North, operating through its special purpose vehicle Fettle Tone LLP, sold 17.29 crore shares, representing a 9.46% stake in Niva bupa Health Insurance, according to bulk deal data on the BSE. Separately, Ramachandran offloaded 1 crore shares, or a 0.55% stake,in the Gurugram-based company.
The shares were sold at prices ranging from ₹82.11 to ₹82.76 apiece.Following the transaction, Fettle Tone’s shareholding in Niva Bupa decreased from 17.47% to 8.01%.
DSP Mutual Fund acquired over 4.96 crore shares in four tranches,gaining a 2.72% stake in Niva Bupa Health Insurance. SBI Mutual Fund also picked up 1.51 crore shares, representing a 0.83% stake. These shares were purchased at an average price of ₹82 per share, totaling ₹531.49 crore.
M Pallonji and Co Pvt Ltd also purchased more then 1.35 crore shares, amounting to a 0.74% stake in Niva Bupa Health, for ₹113.83 crore. The shares were acquired at an average price of ₹83.95 apiece on the National Stock Exchange (NSE).
Shares of Niva Bupa Health Insurance Company experienced a downturn, closing at ₹83.07 per share on the BSE, a decrease of 9.98%. Similarly, on the NSE, the shares declined by 9.90% to ₹83.15 apiece.
What’s next
The funds from this stake sale could enable Niva Bupa Health Insurance to further expand its reach and enhance its services in the competitive health insurance market. Further investments and strategic partnerships are anticipated.