Niva Bupa Health Insurance and Paras Healthcare have received SEBI nod to float IPOs.
Niva Bupa aims to raise Rs 3,000 crore through fresh issuance of equity shares and OFS.
Paras Healthcare plans to raise Rs 400 crore through fresh issuance of equity shares, with an OFS component.
Proceeds from Niva Bupa's IPO will be used to strengthen solvency levels and for general corporate purposes, while Paras Healthcare intends to use the funds for debt payment and general corporate purposes.