Deals9 Nov 2026, 06:40 pm
IRDAI Approves HDFC MF's Share Acquisition in Star Health
AI Summary
Star Health and Allied Insurance Company Limited has received approval from the Insurance Regulatory and Development Authority of India (IRDAI) for HDFC Mutual Fund schemes to acquire equity shares. The approval allows HDFC Mutual Fund schemes to acquire up to 9.99% of the company's paid-up capital, including their current investment of 4.49%. This disclosure is made in compliance with SEBI regulations.
Key Highlights
- IRDAI approves HDFC Mutual Fund's equity share acquisition.
- HDFC MF can acquire up to 9.99% of Star Health's capital.
- Current HDFC MF holding stands at 4.49%.
- Disclosure made as per SEBI listing regulations.
Price Impact
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