Sumary of Rakesh Jhunjhunwala-backed Star Health and Allied Insurance set to open its IPO next week — here are a few important details:
- The health insurer’s IPO is looking to raise ₹7,249 crore through the public issue of shares.
- Star Health and Allied Insurance IPO will open on November 30 and close on December 2.Health insurance company Star Health and Allied Insurance, which is backed by marquee investors like Rakesh Jhunjhunwala and Westbridge Capital, is all set to open its initial public offering (IPO) next week.
- The company is looking to raise ₹7,249 crore through the public issue of shares.
- The net proceeds from the fresh issue will be utilised towards augmentation of the company’s capital base and maintenance of solvency levels.