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Indian health insurer Niva Bupa files for Rs 3000 crore IPO
![Indian health insurer Niva Bupa files for Rs 3000 crore IPO Indian health insurer Niva Bupa files for Rs 3000 crore IPO](https://medicaldialogues.in/h-upload/2024/07/02/750x450_242807-ipo-50-1.webp)
Bengaluru: Niva Bupa, an Indian health insurer, has filed for an initial public offering (IPO) aiming to raise up to 30 billion rupees (approximately $360 million), draft papers have revealed.
The company, predominantly owned by British United Provident Fund (Bupa), intends to issue fresh shares valued at up to eight billion rupees as part of the offering.
According to Reuters report, it aims to use the proceeds from that sale to strengthen its balance sheet and for operating expenses.
Niva Bupa Health Insurance (formerly known as Max Bupa Health Insurance) is one of the most trusted standalone health insurance partners.
Ruchika Sharma joined Medical Dialogue as an Desk Editor for the Business Section in 2019. She covers all the updates in the Pharmaceutical field, Policy, Insurance, Business Healthcare, Medical News, Health News, Pharma News, Healthcare and Investment. She has completed her B.Com from Delhi University and then pursued postgraduation in M.Com. She can be contacted at editorial@medicaldialogues.in Contact no. 011-43720751