bearish
Niva Bupa Health Insurance IPO Lockup-Bunch of PE Investors Could Pare Around US$500m Worth of Stock
443 Views08 May 2025 10:30
Niva Bupa Health Insurance raised around US$260m in its India IPO in Nov 2024. Its six-month lockup will expire on 12th May 2025.
What is covered in the Full Insight:
- IPO Recap
- Lockup Dynamics
- Recent Updates
- Future Outlook
- Conclusion
Boomeranged on Mon, 2 Jun 2025 10:18
PE fund True North (via Fettle Tone) and Niva Bupa's MD and CEO, Krishnan Ramachandran have launched a INR10.8bn (US$126m) block of 132m shares or 7.2% of the share capital. The block is priced at INR82, a 11% discount to the pre-deal close of Rs92.29.
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