Niva Bupa sets a price band of Rs 70-74 for its Rs 2,200 crore IPO

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Niva Bupa sets a price band of Rs 70-74 for its Rs 2,200 crore IPO - Business Standard

Quick Summary:

Further, when asked about discussions with Life Insurance Corporation (LIC) regarding a stake sale, he stated that they are not currently in talks with the company.

The rationale is to address the shareholding structure of the company, and we believe the primary capital raise will position us well to support future growth and solvency requirements.

Post-IPO, the stake of Bupa Group will reduce to 56 per cent from the existing 59 per cent, while Fettle Tone's stake will decline to nearly 17.5 per cent from 27 per cent.