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Star Health Secures IRDAI Nod to Transfer Late Jhunjhunwala’s Shareholding

Story Highlights
  • Star Health, a leading Indian health insurer, has secured IRDAI approval to transmit over 8.28 crore equity shares previously held by late Rakesh Jhunjhunwala.
  • The approved share transmission will follow the terms of the probate for Jhunjhunwala’s estate, formalizing the transfer of a major stake in Star Health’s shareholding structure.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Star Health Secures IRDAI Nod to Transfer Late Jhunjhunwala’s Shareholding

Meet Samuel – Your Personal Investing Prophet

Star Health & Allied Insurance Co. Ltd. ( (IN:STARHEALTH) ) has shared an announcement.

Star Health and Allied Insurance Company Limited has received IRDAI approval for the transmission of 8,28,82,958 equity shares previously held by late investor Rakesh Jhunjhunwala. The transfer will be executed in accordance with the probate granted in his name, marking a key step in formalizing the posthumous restructuring of a significant shareholding block in the insurer.

More about Star Health & Allied Insurance Co. Ltd.

Star Health and Allied Insurance Company Limited is a Chennai-headquartered health insurance provider operating in India. The company focuses on health and allied insurance products, serving retail and institutional customers in a market governed by the Insurance Regulatory and Development Authority of India (IRDAI).

Average Trading Volume: 76,959

Technical Sentiment Signal: Hold

Current Market Cap: 275.8B INR

For an in-depth examination of STARHEALTH stock, go to TipRanks’ Overview page.

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