Private equity investors, Jhunjhunwala to buy Star Health
A consortium of private equity firms WestBridge Capital and Madison Capital, and ace investor Rakesh Jhunjhunwala agreed to buy Star Health and Allied Insurance. Details of the transaction were not disclosed but the deal reportedly valued the insurer at around â¹6,500 crore. With a market share of 10.6% in health insurance, the Chennai-based company is India's largest standalone health insurer.