By M. SriramMumbai: Indian health insurer Niva Bupa is planning to raise $360 million in an IPO, potentially valuing the business at up to $2.5 billion, according to two sources and a document seen by Reuters, the latest company to cash in on a stock market surge.British United Provident Association (Bupa), which holds a 63 per cent stake in the Indian venture, plans to sell a small stake worth up to $38 million and Indian private equity firm True North…
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Indian insurer Niva Bupa plans $360 million IPO, document shows, ET HealthWorld
