Synopsis:
Azim Premji-backed PI Opportunities acquired a 0.77 percent stake in Star Health for Rs. 200 crores, while MIO Star exited its 1.15 percent stake, selling shares worth Rs. 298.7 crores.
During Wednesday’s trading session, shares of India’s leading retail health insurance provider and a market leader in standalone health insurance in India are in focus on the stock exchanges, after the Azim Premji-backed company bought stake worth Rs. 200 crores.
At 11:30 a.m., the shares of Star Health & Allied Insurance Company Limited were trading at Rs. 448 on BSE, as against its previous closing price of Rs. 450.6, with a market cap of Rs. 26,340 crores. The stock has delivered negative returns of over 26 percent in the last one year, but has gained by around 1 percent in the last one month.
What’s the News
Azim Premji-backed PI Opportunities AIF V LLP bought nearly 45.3 lakh equity shares in Star Health, equivalent to a 0.77 percent stake, through a bulk deal on the NSE. The deal transaction was valued at nearly Rs. 200 crores, with the shares changing hands at an average price of Rs. 441 per share.
On the sell side, MIO Star, associated with Madison Capital, exited the company by divesting the entire ~67.7 lakh shares, accounting for a 1.15 percent stake, for a total of nearly Rs. 298.7 crores, at an average price of Rs. 441.01 per share.
Financials & more
Star Health reported a marginal growth in its revenue from operations, showing a year-on-year increase of around 11 percent from Rs. 3,816 crores in Q1 FY25 to Rs. 4,233 crores in Q1 FY26. In contrast, its net profit decreased during the same period from Rs. 319 crores to Rs. 263 crores, representing a decline of around 18 percent YoY.
Star Health & Allied Insurance Company Limited, promoted by the late Rakesh Jhunjhunwala, has maintained its leadership position as the largest standalone health insurer in India and retained its leading position among private health insurers, securing a retail market share of 33 percent during FY25.
As of March 2025, Star Health had a branch network that was 3 times larger than the second-largest non-public health insurance provider, with an extensive distribution network comprising 913 health insurance branches and over 2,000 customer touchpoints, covering 25 states and 5 Union Territories in India.
As of June 2025 shareholding pattern, promoters Rekha Jhunjhunwala holds 3.04 percent stake, and Late Jhunjhunwala Rakesh Radheshyam holds 14.1 percent stake.
Written by Shivani Singh
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