Niva Bupa Gets SEBI Nod For Rs 3,000 Crore Stock Launch|Economy News

Mumbai: Niva Bupa Health Insurance on Monday said it has really gotten final authorization from the funding markets regulatory authority, the Securities and Exchange Board of India (SEBI), to extend Rs 3,000 crore by way of a going public (Stock Launch).

Private fairness (PE) firm True North- led enterprise (erstwhile Max Bupa), had really submitted its Stock Launch paperwork with SEBI on June 29.

According to the enterprise, the Stock Launch with a said worth of Rs 10 every is a mixture of contemporary issuance of Rs 800 crore and a market (OFS) of roughly Rs 320 crore by Bupa Singapore Holdings, and roughly Rs 1,880 crore by Fettle Tone.

The wellness insurance coverage supplier said in a declaration that it means to utilize the web income from the contemporary issuance for Rs 625 crore within the course of enhancement of its funding base to bolster solvency levels and for fundamental firm aims. .
.(* )had a gross straight written prices (GDPI) of

Niva Bupa 5,499.43 crore in monetary 2024.Rs to advertising analysis firm

According, Redseer market share within the Niva Bupa’s standalone wellness insurance coverage supplier (SAHI) market was 16.24 p.c for monetary 2024, based mostly upon retail wellness GDPI. .
. Indian is

It’s third largest and 2nd quickest increasing standalone wellness insurance coverage supplier based mostly upon complete wellness GDPI of India 54.94 billion in FY24, which expanded at a CAGR of 41.37 p.c from Rs 2022 to 2024. .
.Fiscal monetary 2022 to monetary 2024,

From complete gross written prices (GWP) raised at a compound yearly improvement value (CAGR) of 41.27 p.c, whereas its retail wellness GWP expanded at a CAGR of 33.41 p.c. .
.(* )enterprise said it has really taken on a Niva Bupa’s technique of their firm and apply trendy know-how mixture all through each motion of the shopper journey, consisting of shopper onboarding, underwriting, insurance coverage claims and revivals.

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