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Rakesh Jhunjhunwala: Latest News

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05.04.2022 / 22:07

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Airlines emerging from covid set to fly into fresh competition

NEW DELHI :

city New Delhi India travelers reports

Rakesh Jhunjhunwala-backed Star Health aims for $7 billion valuation in IPO

Star Health and Allied Insurance Co is aiming for a valuation of about $7 billion in its initial public offering, a banking source told Reuters on Wednesday.

Star Health India stars IPO

₹1,200 cr pre-IPO funding in Star Health

₹600 crore investment, and Capital Group, which is one of the big FIIs (foreign institutional investors) in the Indian stock market, invested around ₹300 crore MUMBAI : Star Health and Allied Insurance Co Ltd, the health insurer backed by billionaire Rakesh Jhunjhunwala and Westbridge Capital, raised around ₹1,200 crore in a pre-IPO funding round led by Singapore’s state investor GIC, two people aware of the development said.“The funding was closed earlier this quarter. GIC led the funding with around ₹600 crore investment, and Capital Group, which is one of the big FIIs (foreign institutional investors) in the Indian stock market, invested around ₹300 crore.

Star Health Singapore India city Mumbai city Westbridge pandemic stars

COVID-19

United States	Cases: 46 252 513 Deaths: 750 423 Recovered: 0
India	Cases: 34 321 025 Deaths: 459 652 Recovered: 0
Brazil	Cases: 21 835 785 Deaths: 608 235 Recovered: 0
United Kingdom	Cases: 9 215 683 Deaths: 141 607 Recovered: 0
Russia	Cases: 8 494 589 Deaths: 237 619 Recovered: 0

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