LIC's health insurance foray to heighten competition, may trigger consolidation
LIC's entry into health insurance market intensifies competition, may lead to consolidation, as industry players anticipate changes in premiums and market dynamics.
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LIC's entry into health insurance market intensifies competition, may lead to consolidation, as industry players anticipate changes in premiums and market dynamics.
Niva Bupa is likely to raise nearly Rs 600-800 crore through fresh issuance of shares and the OFS size is likely to be between Rs 2,200-2,400 crore
Four years after picking up a majority stake from Max in Max Bupa Health Insurance (now Niva Bupa Health Insurance), homegrown private equity firm True North struck its biggest deal on September 30 by ceding control to JV partner Bupa.
International healthcare provider Bupa Group plans to make investments in India to enhance its footprint in the country, said the...
Niva Bupa is a JV between the Bupa Group and Fettle Tone LLP (an affiliate of True North Fund VI LLP), a leading Indian private equity firm. ET reported on June 23 that UK health insurer Bupa is in talks with True North to pick up an additional 15-20% stake in the insurance company at Rs 11,000-12,000 crore valuation. Bupa currently holds around 44% stake in the entity.