Star Health & Allied Insurance, the first stand-alone health insurance company, has formally kicked off a sale process with an asking price tag of $900 million to $1billion. Kotak Mahindra BankBSE 2.16 % and MAPE Advisory are working with the investors and the management of the Chennai-based insurer to find a suitor, people directly aware of the matter said.
The decade-old Star Health counts ICICI Venture, Sequoia Capital, Tata Capital Growth Fund, Alpha TC Holdings, ApisBSE 0.0 ..
