Star Health and Allied Insurance Company Limited
Sitara Partners LLP acquired 7,82,13,958 shares of Star Health and Allied Insurance Company Limited for ₹4491.83 Cr at ₹574.30 apiece in an off-market transfer. This transaction increased their stake from 0.00% to 13.29%, crossing the 5% disclosure threshold.
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.