Star Health on Thursday filed a draft prospectus with the Securities Exchange Board of India (Sebi) for the share sale. A successful IPO will make the health insurer the fourth private sector insurance firm to list on the domestic stock exchanges. Kotak Investment Banking, Axis Capital, Bofa Securities India, ICICI Securities, Ambit Pvt. Founded in 2006 as India’s first standalone health insurance provider, Star Health provides health, personal accident and overseas travel insurance. The investor consortium of Westbridge Capital, Rakesh Jhunjunwala and Madison Capital, had in August 2018 agreed to buy more than 90% in Star Health from existing investors Star Health Investments Pvt.

Source: Hindustan Times July 22, 2021 18:33 UTC