Announced Wed, 15 Jul · 15:55 IST
Wins GST dispute, gets 22.12 crore refund from tax authority
NIVABUPA · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
-2.8%1-day move
₹88.49
prior close
₹89.20
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
-0.7-0.8-0.7-1.0-2.8-2.8-2.7-4.2-4.0-2.2————
Up moveDown movePending
AI summary
Niva Bupa won a tax dispute with the GST Intelligence Directorate over disallowed input tax credit claims for the period July 2017 to September 2022. The Deputy Commissioner of State Tax, Mumbai issued a Refund Sanction Order on July 14, 2026, approving a refund of 22.12 crores for the company. The matter has been resolved in Niva Bupa's favor with no penalty imposed. The refund is expected to be received in due course.
Likely market impact
Positive outcome — case resolved in company's favor with no penalty, plus a 22.12 crore refund that boosts near-term cash flow.