SHARE

Indian health insurer Niva Bupa submits $36m IPO filing

The majority-owned company has announced its intention to issue fresh shares valued at up to ₹8bn (£75m) in the upcoming IPO. The proceeds from this sale will be utilised to bolster the company’s balance sheet and cover operational expenses.

Certification Note

Certified B Corporation” is a trademark licensed by B Lab, a private non-profit organization, to companies like ours that have successfully completed the B Impact Assessment (“BIA”) and therefore meet the requirements set by B Lab for social and environmental performance, accountability, and transparency. It is specified that B Lab is not a conformity assessment body as defined by Regulation (EU) No 765/2008, nor is it a national, European, or international standardization body as per Regulation (EU) No 1025/2012. The criteria of the BIA are distinct and independent from the harmonized standards resulting from ISO norms or other standardization bodies, and they are not ratified by national or European public institutions.