Star Health Investments Pvt. Ltd, the promoter of Star Health and Allied Insurance Co. Ltd, is looking to exit India’s first and largest standalone health insurance firm, seeking to cash out in the wake of a slew of initial public offerings (IPOs) in the insurance sector, three people aware of the matter said.
Star Health Investments, which owns close to 40% of the insurance firm, joins other investors such as ICICI Venture Fund Management Co. Ltd and Sequoia Capital in trying to monetize their investment in Star Health Insurance.
The Economic Times first reported on 9 February that these shareholders wanted to exit.