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Star Health & Allied Insurance Ltd (Star) is India’s first Standalone Health Insurance provider and is the largest private health insurer in India with a market share of 15.8% in the Indian health insurance market in FY21 with leadership in the attractive retail health segment.
Star Health has applied to the exchanges for the reclassification of certain promoter group entities to the 'Public' category. This move aims to alter the composition of its shareholding structure.
Star Health's board has approved reclassifying certain promoter group entities to public shareholders. This shift, pending shareholder and stock exchange approvals, will modify the company's ownership structure and public float.
Star Health announces 9 entities from Late Mr. Rakesh Jhunjhunwala's Promoter Group are seeking reclassification to 'Public' status. These entities hold zero shares. The company will now process this reclassification, pending necessary approvals.
Star Health applied to exchanges for reclassifying a Promoter Group entity to the 'Public' category. If approved, this move could increase the company's public shareholding and market float.
Company's Board approved an updated Insider Trading Policy. This reinforces fair trading practices, including pre-clearance for trades above ₹0.25 Cr by designated personnel. It strengthens governance.