Star Health and Allied Insurance Company Limited
Theleme India bought 1,50,000 shares of Star Health and Allied Insurance Company Limited, increasing its stake from 2.00% to 2.03%.
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.
India equity vehicle of Theleme Partners, a London-based concentrated hedge fund founded in 2009 by Patrick Degorce (founding partner of TCI under Chris Hohn, ex-Merrill Lynch and Lehman). Theleme runs around USD 2 bn in 13F securities across a high-conviction global long book that frequently includes large Indian positions.