Latest news with #Ramachandran
Economic Times
10 hours ago
- Business
- Economic Times
True North, Krishnan Ramachandran sell 10% stake in Niva Bupa Health for Rs 1,507 crore
Private equity firm True North and Niva Bupa Health Insurance chief Krishnan Ramachandran divested a combined 10 per cent stake in the health insurer for Rs 1,507 crore through open market transactions. ADVERTISEMENT Mumbai-based True North, through its special purpose vehicle Fettle Tone LLP, sold a total of 17.29 crore shares or 9.46 per cent stake in two tranches in Niva Bupa Health Insurance, as per the bulk deal data on BSE. In addition, Niva Bupa Health Insurance MD and CEO Ramachandran offloaded 1 crore shares, representing a 0.55 per cent stake in Gurugram-based Niva Bupa Health Insurance. The shares were sold in the price range of Rs 82.11-82.76 apiece, taking the combined transaction value to Rs 1,507.50 the transaction, Fettle Tone's shareholding in Niva Bupa dipped to 8.01 per cent from 17.47 per cent. Meanwhile, DSP Mutual Fund acquired more than 4.96 crore shares in four tranches or 2.72 per cent stake in Niva Bupa Health Insurance, and SBI Mutual Fund picked up 1.51 crore shares or 0.83 per cent stake in the health insurer. ADVERTISEMENT The shares were purchased at an average price of Rs 82 per piece, taking the aggregate deal value to Rs 531.49 of the other buyers of Niva Bupa Health Insurance's shares could not be ascertained on the BSE. ADVERTISEMENT Also, M Pallonji and Co Pvt Ltd bought more than 1.35 crore shares, amounting to a 0.74 per cent stake in Niva Bupa Health for Rs 113.83 crore, as per the bulk deal data on the National Stock Exchange (NSE).The shares were acquired at an average price of Rs 83.95 apiece. ADVERTISEMENT Details of the sellers of Niva Bupa Health's shares could not be identified on the NSE. Shares of Niva Bupa Health Insurance Company plunged 9.98 per cent to close at Rs 83.07 per piece on BSE, and it declined 9.90 per cent to Rs 83.15 apiece on NSE. PTI (You can now subscribe to our ETMarkets WhatsApp channel)
Time of India
10 hours ago
- Business
- Time of India
True North, Krishnan Ramachandran sell 10% stake in Niva Bupa Health for Rs 1,507 crore
Private equity firm True North and Niva Bupa Health Insurance chief Krishnan Ramachandran divested a combined 10 per cent stake in the health insurer for Rs 1,507 crore through open market transactions. Mumbai-based True North, through its special purpose vehicle Fettle Tone LLP, sold a total of 17.29 crore shares or 9.46 per cent stake in two tranches in Niva Bupa Health Insurance, as per the bulk deal data on BSE. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Neuropathy & Nerve Damage? Do This Immediately Health Journal Britain Learn More Undo In addition, Niva Bupa Health Insurance MD and CEO Ramachandran offloaded 1 crore shares, representing a 0.55 per cent stake in Gurugram-based Niva Bupa Health Insurance. Play Video Pause Skip Backward Skip Forward Unmute Current Time 0:00 / Duration 0:00 Loaded : 0% 0:00 Stream Type LIVE Seek to live, currently behind live LIVE Remaining Time - 0:00 1x Playback Rate Chapters Chapters Descriptions descriptions off , selected Captions captions settings , opens captions settings dialog captions off , selected Audio Track default , selected Picture-in-Picture Fullscreen This is a modal window. Beginning of dialog window. Escape will cancel and close the window. Text Color White Black Red Green Blue Yellow Magenta Cyan Opacity Opaque Semi-Transparent Text Background Color Black White Red Green Blue Yellow Magenta Cyan Opacity Opaque Semi-Transparent Transparent Caption Area Background Color Black White Red Green Blue Yellow Magenta Cyan Opacity Transparent Semi-Transparent Opaque Font Size 50% 75% 100% 125% 150% 175% 200% 300% 400% Text Edge Style None Raised Depressed Uniform Drop shadow Font Family Proportional Sans-Serif Monospace Sans-Serif Proportional Serif Monospace Serif Casual Script Small Caps Reset restore all settings to the default values Done Close Modal Dialog End of dialog window. The shares were sold in the price range of Rs 82.11-82.76 apiece, taking the combined transaction value to Rs 1,507.50 crore. After the transaction, Fettle Tone's shareholding in Niva Bupa dipped to 8.01 per cent from 17.47 per cent. Live Events Meanwhile, DSP Mutual Fund acquired more than 4.96 crore shares in four tranches or 2.72 per cent stake in Niva Bupa Health Insurance, and SBI Mutual Fund picked up 1.51 crore shares or 0.83 per cent stake in the health insurer. The shares were purchased at an average price of Rs 82 per piece, taking the aggregate deal value to Rs 531.49 crore. Details of the other buyers of Niva Bupa Health Insurance's shares could not be ascertained on the BSE. Also, M Pallonji and Co Pvt Ltd bought more than 1.35 crore shares, amounting to a 0.74 per cent stake in Niva Bupa Health for Rs 113.83 crore, as per the bulk deal data on the National Stock Exchange (NSE). The shares were acquired at an average price of Rs 83.95 apiece. Details of the sellers of Niva Bupa Health's shares could not be identified on the NSE. Shares of Niva Bupa Health Insurance Company plunged 9.98 per cent to close at Rs 83.07 per piece on BSE, and it declined 9.90 per cent to Rs 83.15 apiece on NSE. PTI
News18
26-05-2025
- Politics
- News18
Tamil Nadu Schools Re-Opening: Minister Gives Important Update On Caste, Income Certificates
1/7 New academic sessions are set to commence on June 2, and the Tamil Nadu School Education Department is actively making the necessary preparations. 2/7 In line with these developments, the state's Revenue and Disaster Management Minister, KKSSR Ramachandran, has announced new measures to facilitate quicker and easier access to caste and income certificates for school students. 3/7 At present, students are on their summer holidays. As the break draws to a close, the state government is also focusing on improving the accessibility of essential documents required for availing educational welfare benefits. The Tamil Nadu government offers a range of welfare schemes aimed at supporting students in government schools. In this context, simplified procedures are being introduced to help students obtain caste and income certificates; documents that are crucial for scholarship applications and various other benefits. 5/7 According to Ramachandran, certificates will now be issued within a week of application. This directive is aimed at ensuring that eligible students can access government assistance without unnecessary delay. To apply for a caste certificate, students will need to submit the caste certificate of either parent, the Aadhaar cards of both the student and their parents, the student's birth certificate, and the family's ration card. All required documents can be submitted at local e-service centres, where the certificates will also be issued.
New Indian Express
24-05-2025
- Politics
- New Indian Express
Judicial panel to submit report on Munambam land row next week in Kerala
KOCHI: The judicial commission appointed by the state government to resolve the dispute triggered by Kerala Waqf Board's claim over 404 acres of land in Munambam will submit its report next week, said chairman Justice (retd) C N Ramachandran. 'An appointment with the CM will be sought and the report submitted before May 31. I'm preparing the draft. Once it's done, it will take only two days to finalise the report,' he told TNIE. Justice Ramachandran said the terms of reference of the commission is to protect the interests of the Munambam residents. 'The commission's objective and the state government's view is the same—protecting people's interests,' he said. If the need is for a consensus, he said the government should go for it. 'If all parties involved — the government, Waqf Board and Farook College — can discuss and resolve the matter, they should. Else, the government, using its powers, should acquire the land,' he said. He did not indicate whether these views would be in his final report. However, acquiring the land is not easy, said an expert on the condition of anonymity. 'First, there is the problem of compensation. Why should Farook College, which has sold the land, be compensated? The question then is who should be compensated,' said the expert. 'Our hope lies in decisions government will take' 'What the government can do is, through a settlement initiative, buy the land for a token price of Rs 1 and give it to the residents,' the expert said. On the problem that the land was being considered waqf, the expert said, 'It is not.' Meanwhile, the agitation by the residents entered 200 days. Joseph Benny, the convenor of the Munambam Bhoo Samrakshana Samithi, said residents are placing high hopes on the commission's report. 'We are looking forward to the steps the government will take once the report is submitted. With the new Waqf Amendment Act providing us no succour, our only hope lies in the decisions the government will take,' he said. The state government appointed the commission on November 22, 2024.
New Indian Express
20-05-2025
- New Indian Express
Ex-min started firms, school using ill-gotten wealth: DVAC
CHENNAI: In the FIR filed by DVAC against Arani MLA and former HR & CE minister Sevvoor S Ramachandran(AIADMK), the agency has alleged that he amassed Rs 8.03 crore between 2016 and 2021 which was disproportionate (by 125%) to his known sources of income. The DVAC alleged that the ill-gotten money was used to create and purchase assets — for instance, the agency has named J Chemicals owned by Ramachandran's wife R Manimegalai, Water Bond Chemicals which was registered as a proprietorship firm by his son Santhoshkumar and Ramchandra CBSE school functioning under PM Somasundaram Mudaliyar Trust established by the three persons. Manimegalai, Santoshkumar and the former minister's other son Vijayakumar are also named as accused in the FIR which was registered on Friday. The agency searched their premises in Arani on Saturday. DVAC said these disproportionate assets constitute an offence of criminal misconduct and is punishable under section 13(2) and 13(1) of the Prevention of Corruption Act. The agency said the former minister's wife and sons abetted him in accumulating assets in their names.
