Star Health Clarifies Jhunjhunwala Shareholding Changes

Star Health and Allied Insurance Company Limited has issued a clarification regarding news reports about Rekha Jhunjhunwala selling shares. The company states that the movement in shareholding of the Promoter and Promoter Group arises from the transmission of equity shares held by the late Rakesh Jhunjhunwala. This is an inter-se devolution within the Promoter and Promoter Group following the settlement of his estate. The company had previously received IRDAI approval for this transmission. Sitara Partners LLP, a promoter, has confirmed its shareholding, with Mrs. Rekha Rakesh Jhunjhunwala signing as Designated Partner.