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True North, Niva Bupa CEO Sell 10% Stake in Insurer for ₹1,507 Cr

Financial Express Kochi

|

June 03, 2025

PRIVATE EQUITY FIRM True North and Niva Bupa Health Insurance MD & CEO Krishnan Ramachandran divested a combined 10% stake in the health insurer for ₹1,507 crore through open market transactions.

- Niva Bupa Health Insurance MD & CEO Krishnan Ramachandran

Mumbai-based True North, through its special purpose vehicle Fettle Tone LLP, sold a total of 172.9 million shares or 9.46% stake in two tranches in Niva Bupa Health Insurance, as per the bulk deal data on BSE.

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