Mumbai: Niva Bupa Health Insurance, formerly known as Max Bupa Health Insurance, is gearing up for an initial public offering (IPO) of Rs 3,000 crore, as per banking sources. The company, a joint venture between UK-based Bupa and the domestic private equity firm True North, has engaged investment bankers, such as Kotak Mahindra Capital, ICICI Securities, and Morgan Stanley, to manage the impending public issue, sources told ET.At present, UK-based Bupa holds a 63% stake, while True North…
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