Star Health and Allied Insurance Company Limited
The Estate of Late Mr. Rakesh Jhunjhunwala sold 7,68,25,899 shares of Star Health and Allied Insurance Company Limited in an off-market transaction, reducing its stake from 13.05% to 0.00% in a full exit.
India's first standalone health insurance provider, Star Health operates as a pure-play health insurer offering comprehensive coverage for individuals, families, and groups across the country. The company specializes in retail health insurance products, including policies for critical illnesses, medical expenses, hospitalization, and long-term health needs. Its dedicated focus exclusively on health insurance, distinct from multi-line general insurers, positions it to serve the growing demand for specialized health coverage among India's expanding middle class and salaried workforce.