Private equity firm True North has agreed to sell a 20% stake in health insurance firm Niva Bupa to joint venture partner Bupa for approximately INR 2,700 crore ($362 million). The transaction is subject to regulatory approval. Following the deal, Bupa's shareholding in Niva Bupa will increase to around 63%, making it the majority shareholder.
from Banking/Finance-Industry-Economic Times https://ift.tt/tn8zc0s
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