NIFTY 50

Rakesh Jhunjhunwala may reduce investment in Star Health Insurance

Updated : December 19, 2018 07:52 AM IST

Star Health Insurance is being acquired by Safecrop Holdings, which is a consortium of WestBridge AIF, Rakesh Jhunjhunwala and Madison Capital.
Jhunjhunwala and Associates together hold close to 39 percent stake in the consortium and the capital committed by Jhunjhunwala is likely to be in the range of Rs 2,275-2,500 crore.
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