The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Fettle Tone LLP
NIVABUPA · price
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On the reaction day the stock moved 1.0 pts less than Nifty Smallcap 250 and 0.7 pts less than its General Insurance peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Fettle Tone LLP, a non-promoter entity associated with private equity firm True North, sold 172,926,829 shares (9.47%) of Niva Bupa Health Insurance in the open market on June 2, 2025. The sale brought Fettle Tone LLP's holding down from 17.47% (319,128,920 shares) to 8.00% (146,202,091 shares) — nearly halving its stake. No encumbrance (pledge/lien) was invoked or released as part of the transaction. The total share capital of the company remained unchanged at Rs. 1,827 crore (1.83 billion equity shares of Rs. 10 each).
A large open-market block sale of nearly 9.5% by a major non-promoter investor can create short-term supply pressure and weigh on the stock price, though gradual absorption may soften the impact. It signals that the PE investor is partially monetising its position, which is common in mature holdings.