Rakesh Jhunjhunwala and wife increases stake in Star Health and Allied Insurance to 17.5%; Stock inches up

14 Jan 2022 , 11:17 AM

Rakesh Jhunjhunwala has increased stakes in the newly listed Tamil Nadu-based multinational health insurance company, Star Health and Allied Insurance. The ace investor has increased even his wife’s stake in the company as of December 2021 (Q3FY22) quarter.

As per the shareholding pattern on BSE, Rakesh Jhunjhunwala and his wife Rekha Jhunjhunwala together hold 17.51% or 10,07,53,935 equity shares in Star Health.

Of the total, Rakesh’s shareholding in Star Health is 14.40% or 8,28,82,958 points, while Rekha holds 3.11% or 1,78,70,977 equity shares.

The couple is the largest promoter in the company under the category of Individuals/Hindu undivided families.

As per Trendyne.com, Jhunjhunwala’s overall shareholding in Star Health is valued at over Rs8,300cr as of today.

Star Health made its market debut on December 10, 2021. The company had launched its IPO from November 30 – December 02, 2021.

The company provides sterling services in Health, Personal Accident and Overseas Travel Insurance etc. Currently, Star Health has 12800+ employees and 640+ branch offices all over India, as per the company website.

At around 11.13 am, Star Health was trading at Rs826 per piece up marginally on Sensex.