Niva Bupa Health Insurance Company Limited — JV/Acquisition, 28-02-2025: Acquisition

Niva Bupa Health Insurance Company Limited has made a strategic investment of INR 5.00 crores to acquire 5,000,000 equity shares in Bima Sugam India Federation, representing a 1.51% stake. This acquisition aims to enhance Niva Bupa's footprint in the insurance marketplace, as Bima Sugam is designed to create a unified digital platform connecting customers, insurers, and intermediaries. The initiative, backed by the IRDAI, seeks to foster financial security in India by positioning itself as a leading online market for insurance products and services.