Star Health and Allied Insurance Company Limited has received approval from the Insurance Regulatory and Development Authority of India (IRDAI) to allow schemes of HDFC Mutual Fund to acquire equity shares. The approval permits an acquisition of up to 9.99% of the company’s paid-up capital. This includes the current investment, which stands at 4.49%.
IRDAI Approves HDFC Mutual Fund’s Increased Stake in Star Health
Star Health and Allied Insurance Company Limited announced on November 9, 2026, that it has received a crucial approval from the Insurance Regulatory and Development Authority of India (IRDAI). The regulatory body has sanctioned the acquisition of equity shares in Star Health by various schemes managed by HDFC Mutual Fund.
Details of the Acquisition
The IRDAI’s approval permits HDFC Mutual Fund schemes to increase their holding in Star Health and Allied Insurance Company Limited to a maximum of 9.99% of the company’s total paid-up capital. This includes the equity shares already held by the fund, which currently amount to 4.49% of the paid-up capital. This development marks a significant move in the company’s shareholder structure.
Regulatory Compliance
This disclosure has been made in strict adherence to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has also ensured that this information is made publicly available on its official website, www.starhealth.in, for transparency and stakeholder access.
The communication was formally signed by Jayashree Sethuraman, Company Secretary & Compliance Officer of Star Health and Allied Insurance Company Limited.
Source: BSE
