Mumbai, June 2 -- While the buyers and sellers remain unnamed, media reports suggest that Fettle Tone LLP and managing director and chief executive officer Krishnan Ramachandran were to sell 13.2 crore shares or 7.2% of equity in Niva Bupa Health Insurance Company through block deals. The expected block size for the transaction was around Rs 1,082 crore.

Trading volumes surged with BSE seeing 23.39 crore shares change hands, compared to the 3-month average of just 3.04 lakh shares. NSE volumes surged to 14.39 crore shares, sharply above the 3-month average of 45.93 lakh.

As of March 2025, promoters held a 55.98% stake in Niva Bupa Health Insurance Company. Fettle Tone LLP, an investment vehicle of True North, held 17.47% stake.

Niva Bu...