Private Equity Liquidity Events
True North sells 9.46% stake in Niva Bupa Health for over Rs.1,425-Cr
Source Economic Times (opens in a new tab)BSE Bulk Deals Data (opens in a new tab)
PE firm True North, through its special purpose vehicle Fettle Tone LLP, has sold a total of 17.29 crore shares or 9.46% stake in publicly listed Niva Bupa Health Insurance . The shares were sold in the price range of INR 82.11-82.76 apiece, fetching about INR 1,425 crore.After the transaction, Fettle Tone's shareholding in Niva Bupa dipped to 8.01% from 17.47 %.In addition, Niva Bupa Health Insurance’s MD and CEO Krishnan Ramachandran offloaded 1 crore shares, representing a 0.55 % stake.