Star Health and Allied Insurance Co.'s shareholders offloaded 7.06% stake for Rs 2,210 crore through an open market transaction on Thursday.
APIS Growth sold 1.52 crore shares (or 2.61% stake) at Rs 535 apiece on the NSE, according to block deal data. Madison Capital, through its fund Mio IV Star, sold 140.17 lakh shares (2.39%), while Mio Star sold 61.34 lakh shares (1.05%) at Rs 535 per share.
ROC Capital, through its fund Roc Star Investment Trust, exited from the company by selling 59.08 lakh shares (1.01%).
Mio Star and Mio IV Star held 2.21% and 2.39%, respectively, in the company as of March.
ICICI Prudential Life Insurance Co. has mopped up 1.17 crore shares (2%), HDFC Mutual Fund bought 56.08 lakh shares (0.95%), while East Bridge Capital Master Fund I Ltd. purchased 55 lakh shares (0.94%) for Rs 535 per share.
Plutus Wealth Management LLP acquired 30 lakh shares (0.51%) in the company. As of March 2024, ICICI Prudential Life Insurance held 2.49% stake in the company.
Shares of Star Health and Allied Insurance closed 1.87% higher at Rs 549.40 apiece on the BSE, as compared with a 1.61% rise in the benchmark Sensex.
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