Niva Bupa gets Sebi nod for Rs 3,000 crore IPO

Niva Bupa Health Insurance, known as Max Bupa, has received final observations from the capital markets regulator Sebi for its IPO. The issue aims to raise Rs 3,000 crore, with Rs 800 crore being raised through fresh issuance of shares and up to Rs 2,200 crore through an offer for sale by existing shareholders of the company.