Sources say True North’s unit Fettle Tonne is planning to reduce its stake in the company.
Big news has come from the health insurance sector. According to sources, True North’s arm, Fettle Tonne, is preparing to sell its stake in Niva Bupa Health Insurance. The company currently holds a 7.9% stake and may sell approximately 5% of this stake through a block deal. Bankers have reportedly been approached for this transaction. However, Niva Bupa declined to comment.
Important news has emerged regarding Niva Bupa Health Insurance, a leading company in the Indian health insurance sector. Sources say that Fettle Tonne, a unit of True North, is planning to reduce its stake in the company.
Important news has emerged regarding Niva Bupa Health Insurance, a leading company in the Indian health insurance sector. Sources say that Fettle Tonne, a unit of True North, is planning to reduce its stake in the company.
Remembering the June 2025 deal
It is worth noting that in June 2025, Fettle Tonne & Co. MD & CEO K. Ramachandran sold his 10% stake in the company. This latest move is believed to be a continuation of that trend.
Companies’ Positions
Niva Bupa Health Insurance said in a statement to CNBC-TV18 that it does not comment on market speculation or any shareholder decision. However, an official response from Fettle Tonne is awaited.
Market Impact
If this block deal goes through, Fettle Tonne’s stake in Niva Bupa will be reduced to approximately 2.9%. Market experts believe this will not significantly impact the company’s promoter structure, but will certainly provide new signals about investor interest in the health insurance sector.
Niva Bupa’s Position
Niva Bupa is one of India’s leading health insurance companies, serving retail and corporate customers. The company’s products and digital distribution network have accelerated its growth over the past few years.
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