Latest news with #NivaBupa
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Business Standard
3 days ago
- Business
- Business Standard
Niva Bupa share price drops 11% in trade on Monday, June 2; here's why
Niva Bupa share price fell on the back of a huge block deal. As soon as the market opened, 198.30 million or 10.85 per cent of total equity of Niva Bupa at ₹82.4 worth ₹1,634 cr changed hands on BSE SI Reporter New Delhi Niva Bupa share price: Health insurance company Niva Bupa share price was under pressure on the first trading day of June i.e. Monday, June 2, 2025, with the stock dropping up to 11.14 per cent to an intraday low of ₹82 per share. At 9:54 AM, Niva Bupa share price was trading 9.73 per cent lower at ₹83.30. In comparison, BSE Sesex was trading 0.75 per cent lower at 80,840.11 levels. Why did Niva Bupa shares drop in trade today? Niva Bupa share price fell on the back of a huge block deal. As soon as the market opened, 198.30 million or 10.85 per cent of total equity of Niva Bupa at ₹82.4 worth about ₹1,634 crore changed hands on BSE. By 10:01 AM, 232.73 million shares worth ₹1,919.84 crore had changed hands on BSE. According to reports, Fettle Tone and Krishnan Ramchandra were likely to offload a 7.2 per cent stake in Niva Bupa Health Insurance Company Ltd. Niva Bupa Q4 results Niva Bupa Health Insurance Company's consolidated profit after tax (PAT) rose 31 per cent year-on-year (Y-o-Y) to ₹206 crore in Q4FY25, from ₹157 crore in the same period last year (Q4FY24). Gross premiums written rose 18 per cent to ₹2,078.65 crore, compared to ₹1,759 crore in Q4FY24. Net premium income for the quarter stood at ₹1,672.11 crore, up from ₹1,152.43 crore a year earlier. Net income from investments came in at ₹93.78 crore during the quarter, compared to ₹67.91 crore in the year-ago period. The company's solvency ratio improved to 3.03 in FY25 from 2.55 in FY24, indicating strong financial health and an enhanced ability to meet long-term obligations. About Niva Bupa Niva Bupa Health Insurance Company is one of India's leading standalone health insurers, formed as a joint venture between Bupa, a global leader in healthcare services, and Fettle Tone LLP, an affiliate of True North Fund VI LLP, a prominent Indian private equity firm. The company is dedicated exclusively to health insurance, offering a diverse portfolio of plans tailored for individuals, families, and senior citizens. With a focus on delivering accessible and high-quality healthcare, Niva Bupa combines global expertise with a deep understanding of the Indian market. The company provides a comprehensive suite of services including hospitalisation cover, day-care treatments, outpatient care, and maternity and senior citizen plans. It boasts a robust network of over 8,700 hospitals for cashless claims and offers added conveniences like unlimited teleconsultation and 24/7 digital support through its health app and Insta Assist platform. With a widespread distribution network across 350 cities and partnerships with over 35,000 bank branches, Niva Bupa continues to strengthen its presence in the health insurance sector while prioritising customer-centric service and innovation.
Time of India
3 days ago
- Business
- Time of India
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. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Shares of Niva Bupa Health Insurance slipped as much as 11.1% on Monday to Rs 82 on the BSE after a large block deal involving a 12% equity stake saw 56.3 lakh shares change hands, as per of the trade, on June 1, ET NOW reported, citing sources, that homegrown private equity firm True North and Niva Bupa's Managing Director and CEO, Krishnan Ramachandran, were set to offload a combined 132 million shares in the health insurer through a block had also reported that Fettle Tone LLP, an investment vehicle of True North, was expected to sell up to 122 million shares, or roughly 6.7% of Niva Bupa's equity. CEO Krishnan Ramachandran was likely to dilute 10 million shares, equating to around 0.5% of the company. The offer price was set at Rs 82 per share, pegging the total size of the transaction at around Rs 1,082 on the latest shareholding pattern as of March-end, the company's promoter Bupa holds 55.98% stake, while True North holds 17.47% via Fettle Tone Bupa reported a 31.2% year-on-year rise in net profit for the March quarter, posting Rs 206 crore compared to Rs 157 crore in the same period last year. Gross premiums increased 18% to Rs 2,078.7 crore, while net premiums climbed 21% to Rs 1,672 the insurer's underwriting profit slipped 12.2% year-on-year to Rs 57.6 crore from Rs 65.6 crore. Operating profit also fell sharply by 43.1% to Rs 94.9 crore from Rs 166.8 crore in the year-ago period. Its solvency ratio stood steady at 3.03% on a sequential Bupa Health Insurance listed on Indian stock exchanges in November 2024, marking the first domestic listing of a pure-play global MNC health insurer backed by British firm Bupa. In September 2023, True North ceded control to Bupa by selling a 20% stake for approximately Rs 2,700 crore.: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)
News18
3 days ago
- Business
- News18
Libra Horoscope Today, June 2nd, 2025
Last Updated: Libra Daily Horoscope, June 2nd, 2025: Reconnect with old contacts — new financial doors may open. Harmony, support, and steady progress make today a rewarding chapter. Libra Daily Horoscope Today, 2nd June 2025: Ganesha says in the world of finance today, you should try to revive some old business or personal contacts who may be able to give you some more options for earning money. These will help a lot in breathing life into your business. Today, people associated with the foreign service will get special benefits. Completion of any incomplete work will improve your financial situation. New associates in business will prove beneficial. Libra Horoscope Today: Astrological predictions by Chirag Daruwalla for tula rashi on June 2nd 2025. Subordinates in the job will prove beneficial. Business activities and trade will gain momentum. Business efforts will be successful. Proposals will get support. The focus will be on organization. The goals will be clear. Progress will continue without hesitation. A fast pace will be maintained. The environment will be positive. Responsible colleagues will be cooperative. Promises will be fulfilled. Patience will increase. Lifestyle will be attractive. You will work actively. Confidence will remain high. Work efficiency will improve. Health will be good. Enthusiasm will increase. Check out your daily horoscope for June 2, 2025 here. advetisement Libra Horoscope Today, June 2nd, 2025 Positive: Ganesha says you will have a special contribution in home and society-related activities. Also, any of your activities and abilities will be appreciated. You will remain satisfied with your efforts. There will also be a program to visit a religious place with the family members. Negative: Instead of giving in to stress in any adverse situation, try to find a solution to it. Today, some such expenses may come up, from which it will be difficult for you to get rid of. Women may have some kind of complaint with their in-laws. But it is important to avoid spoiling the relationship. Business: Libra, adopting new methods in business and trade will give momentum to the business. Due to the current situation, some problems and troubles will come up. But soon they will also be resolved. It is important to take care of confidentiality at work, otherwise, someone can take undue advantage. Love: There will be a harmonious environment in the home and family. The ongoing misunderstandings between the lovers will be resolved. And there will be sweetness in mutual relations again. Health: Due to fatigue, cervical and shoulder pain may increase. Do take out some time for yoga and exercise. top videos View All Lucky Colour: Pink Lucky Number: 9 (The author Chirag Daruwalla is the son of Astrologer Bejan Daruwalla). About the Author Chirag Daruwalla First Published: News astrology Libra Horoscope Today, June 2nd, 2025 Latest News Niva Bupa Shares In Focus as Promoters Plan 7.2% Stake Sale Via Block Deals On Monday Markets Astrology Libra Horoscope Today, June 2nd, 2025 Astrology Virgo Horoscope Today, June 2nd, 2025 Astrology Leo Horoscope Today, June 2nd, 2025 Astrology Cancer Horoscope Today, June 2nd, 2025 latest news
News18
3 days ago
- Business
- News18
Niva Bupa Shares In Focus as Promoters Plan 7.2% Stake Sale Via Block Deals On Monday
Last Updated: June 02, 2025, 06:45 IST Niva Bupa Share Price: Shares of Niva Bupa Health Insurance Company Ltd. are in focus on Monday as Fettle Tone and Krishnan Ramchandra are expected to offload stakes via block deals on June 02. Niva Bupa shares in focus on Monday ahead of expected block deal. According to CNBC-TV18 report, Fettle Tone and Krishnan Ramchandra may sell 7.2% stake in the company through block deals at the offer price of Rs 82 per share, reflecting a discount of 11 per cent from the share's LTP. The total size of block deals may be as high as Rs 1,082 crore. Based on the March quarter shareholding pattern, promoters held a 55.98% stake in Niva Buba. Niva Bupa Q4 Results Niva Bupa Health Insurance Company reported a 31.2% year-on-year (YoY) jump in net profit at Rs 206 crore for the fourth quarter that ended March 31, 2025, compared to Rs 157 crore in Q4FY24. The insurer reported an 18.2% YoY rise in gross premiums written for the fourth quarter of FY25, reaching Rs 2,078.7 crore compared to Rs 1,759.4 crore in the same period last year. Net premium written increased by 21% YoY to Rs 1,672 crore from Rs 1,381.9 crore. However, underwriting profit declined 12.2% to Rs 57.6 crore from Rs 65.6 crore, while operating profit dropped sharply by 43.1% to Rs 94.9 crore from Rs 166.8 crore a year ago. The company's solvency ratio remained steady at 3.03% on a sequential basis. Earlier this year in February, Krishnan Ramachandran, MD and CEO of Niva Bupa Health Insurance Company, shared the company's target to grow 8-10% faster than the market over the next five years. He anticipates the sector will expand at a 15% compounded annual growth rate (CAGR). Ramachandran highlighted the extensive growth potential of the industry, emphasizing the need for continuous investment. 'This is a capital-intensive business. Therefore, it's about determining the sustained level of investments required to capitalize on this opportunity," he elaborated. View All Home Minister Amit Shah Assures Support to Northeastern States Amidst Devastating Floods | News18 Pakistan General's remarks on IWT; Spooked Pak Calls Abeyance Of IWT Act | India Pakistan News kashmir News | World Bicycle Day: Run For Unity Against Terrorism In Jammu Kashmir | News18 Covid-19 in India: Cases surge to 3,395; 4 deaths reported in 24 hours Terrorist Zakiur Rehman Lakhvi became father sitting in Paks jail, Owaisi shares shocking story View all Disclaimer: The views and investment tips by experts in this report are their own and not those of the website or its management. Users are advised to check with certified experts before taking any investment decisions.
Time of India
7 days ago
- Business
- Time of India
Niva Bupa elevates Nimish Agrawal to director of digital business & CMO
Niva Bupa Health Insurance has announced the strategic elevation of Nimish Agrawal to the role of director, digital business unit and chief marketing officer (CMO). This expanded mandate sees Agrawal continuing to spearhead the company's comprehensive marketing initiatives while also taking the helm of the Digital Business Unit, recognised as one of Niva Bupa 's most strategic and profitable growth channels. With a distinguished career spanning over two decades in the financial services and insurance sectors, Agrawal brings an experience in brand building, digital transformation , and customer-centric strategies. Prior to this elevation, Agrawal successfully led Niva Bupa's marketing efforts, playing a crucial role in enhancing brand visibility and market penetration. He joined the company in 2021 as SVP and head of marketing and digital sales. In an official press note, Niva Bupa Health Insurance extended its sincere appreciation for Agrawal's unwavering dedication and looks forward to his continued invaluable contributions in this critically important leadership role. He previously served as head of marketing at for over three years, where he led end-to-end marketing initiatives for the recruitment vertical at Info Edge. This included platforms such as FirstNaukri, Naukri FastForward, Naukri Premium, Naukri Learning, and Quadrangle, among others. Prior to that, he spent over three years at AkzoNobel Decorative Coatings, joining in 2014 as senior brand manager and later advancing to category head. In this role, he managed the interior paints portfolio, covering a wide range from entry-level premium products to super-premium offerings, including patterns, designs, and international finishes. He has also held roles at Britannia Industries and Henkel CEE.
