Archive · 26 Jun 2025
SBI MF Invests Rs 672 Cr in Jhunjhunwala Family's Insurance Player
SBI Mutual Fund, one of India's biggest investment companies, has bought a portion of Star Health & Allied Insurance, a company that provides health and accident insurance.
SBI MF spent Rs 672 crore to buy 2.72% of Star Health.
The purchase was made on Wednesday, with each share costing about Rs 420.
Star Health was started by the late Rakesh Jhunjhunwala and is currently managed by his family.
Other big investors in Star Health include MIT and Government Pension Fund Global.
SBI Mutual Fund acquired a 2.72% stake in Star Health & Allied Insurance.
The acquisition involved 1.6 crore shares purchased at an average price of Rs 420 each.
The total transaction value for SBI MF's stake in Star Health was Rs 672 crore.
The deal occurred on Wednesday via block trades.
Star Health & Allied Insurance was promoted by Rakesh Jhunjhunwala and is now managed by his family.
- Who
- SBI Mutual Fund and Star Health & Allied Insurance.
- What
- SBI MF invested in Star Health & Allied Insurance.
- When
- The acquisition happened on Wednesday.
- Where
- India
- Why
- Not explicitly stated in the article.
- Buyer
- SBI Mutual Fund
- Seller
- Star Health & Allied Insurance
- Shares Purchased
- 1.6 crore
- Price Per Share
- Rs 420
- Total Transaction Value
- Rs 672 crore
- SBI MF Stake
- 2.72%
- Promoter
- Rakesh Jhunjhunwala's Family