Steady Market Movement—Niva Bupa Sees Stake Sale from Fettle Tone LLP

Image Source: Live Law

Shares of Niva Bupa Health Insurance took a hit after Fettle Tone LLP, an investment arm of True North, sold 9.47% of its stake via open market transactions on June 2, 2025. The move comes amid shifting investor sentiment and broader market volatility.

Key Highlights:

- Fettle Tone LLP offloads 9.47% stake, reducing its holding in Niva Bupa.
- Stock slumps 10%, trading at ₹83.07, down from ₹92.28 on May 30.
- Bulk deal details: 8.14 crore shares sold at ₹82.76, 9.15 crore shares at ₹82.11.
- CEO Krishnan Ramachandran also offloads 1 crore shares at ₹82.30 per share.
- Major buyers: DSP Mutual Fund and SBI Mutual Fund acquired significant portions.

The block deal, valued at ₹1,082 crore, saw heavy trading volumes, with 23.39 crore shares exchanged on the BSE—a sharp rise from the three-month average of 3.04 lakh shares.

Despite the sell-off, Niva Bupa remains a leading standalone health insurer, with 212 branches and a vast distribution network. The company’s Q4 FY25 net profit surged 31.21% YoY to ₹206.08 crore, signaling strong financial health despite market fluctuations.

Sources: The Hindu BusinessLine, Capital Market News, Moneycontrol