True North to sell around 20% stake in health insurance firm Niva Bupa for $330m

True North to sell around 20% stake in health insurance firm Niva Bupa for $330m

Photo by Vlad Deep on Unsplash.

True North, one of the oldest private equity (PE) firms in India, has agreed to sell a significant part of its stake in health insurance company Niva Bupa, to its joint venture partner, Bupa, for around Rs 2,700 crore ($329.27 million), per an announcement.

Edited by: Pramod Mathew