News From Press Star Health public issue sees 20% subscription on Day 2 of bidding; retail portion booked 89%

Star Health public issue sees 20% subscription on Day 2 of bidding; retail portion booked 89%

Source: Moneycontrol Dec 2, 2021

The public offer of Star Health and Allied Insurance Company has so far received lukewarm response from investors with subscription at 20 percent, garnering bids for 89.67 lakh equity shares against an issue size of 4.49 crores, on December 1, the second day of bidding.

The insurance company is promoted by investor Rakesh Jhunjhunwala, Safecrop Investments India LLP and WestBridge AIF.

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