Archive · 2 Jun 2025
Niva Bupa Shares Drop After Block Deals
Some investors in Niva Bupa Health Insurance sold a big chunk of their shares on June 2.
This caused the stock price to go down.
Fettle Tone and Krishnan Ramchandra sold a portion of their stake.
The price per share was set at ₹82.
The block deal involved shares worth ₹1,082 crore.
The company's stock fell by 11% as a result of the deal.
Niva Bupa Health Insurance shares experienced a drop of 11% on Monday, June 2.
Fettle Tone and Krishnan Ramchandra were expected to sell a 7.2% stake via block deals.
The offer price was set at ₹82 per share.
The total size of the block deal was around ₹1,082 crore.
The stock had gained 10.39% in the last six months.
- Who
- Fettle Tone and Krishnan Ramchandra sold shares.
- What
- Block deals involving Niva Bupa Health Insurance shares.
- When
- June 2
- Where
- N/A
- Why
- To sell a portion of their stake in the company.
- Company
- Niva Bupa Health Insurance
- Deal Date
- June 2
- Sellers
- Fettle Tone and Krishnan Ramchandra
- Stake Sold
- 7.2%
- Offer Price per Share
- ₹82
- Block Deal Size
- ₹1,082 crore
- Share Price Drop
- 11%
