Niva Bupa shares fall 11% as PE investor sells 12% stake in block deal

Niva Bupa shares: ETNOW had reported that Fettle Tone LLP, an investment arm of True North, was likely to offload up to 122 million shares, representing about 6.7% of Niva Bupa’s equity. Additionally, CEO Krishnan Ramachandran was expected to sell around 10 million shares, or 0.5% of the company’s stake. The shares were priced at ₹82 each, valuing the total deal at approximately ₹1,082 crore.