Sitara Partners LLP has formally announced an increase in its shareholding in Star Health And Allied Insurance Company Limited. As of June 24, 2026, the firm now holds 7,82,13,958 shares, representing 13.2887% of the total issued and paid-up share capital. This disclosure is made in accordance with SEBI regulations, detailing the acquisition of shares via an Off Market Transfer. The total equity share capital of Star Health remains at Rs. 588,57,69,090.
Significant Shareholding Increase
Sitara Partners LLP has officially disclosed a substantial increase in its stake in Star Health And Allied Insurance Company Limited. The announcement, dated June 25, 2026, confirms that as of June 24, 2026, the firm’s total shareholding has reached 7,82,13,958 shares. This acquisition represents 13.2887% of the total issued and paid-up share capital of the insurance company.
Acquisition Details
The acquisition was conducted through an Off Market Transfer. Prior to this transaction, Sitara Partners LLP held no shares in Star Health And Allied Insurance Company. The total issued and paid-up equity share capital of Star Health And Allied Insurance Company is valued at 58,85,76,909 equity shares of FV 10/- each. The equity share capital/total voting capital of the target company before and after the acquisition stands at Rs. 588,57,69,090.
Regulatory Compliance
This intimation is made to comply with the requirements under Regulation 29(1) of the SEBI (Substantial Acquisition of shares and Takeover) Regulations, 2011. The disclosure details the acquirer (Sitara Partners LLP) and Persons Acting in Concert (PACs) with the acquirer, including Rekha Jhunjhunwala and various discretionary trusts. These entities are identified as belonging to the Promoter/Promoter group.
Parties Involved
The Target Company is STAR HEALTH AND ALLIED INSURANCE COMPANY LIMITED. The acquirer is Sitara Partners LLP. The Persons Acting in Concert (PAC) include Mrs. Rekha Jhunjhunwala, Nishtha Jhunjhunwala Discretionary Trust, Aryaman Jhunjhunwala Discretionary Trust, and Aryavir Jhunjhunwala Discretionary Trust. All listed entities are confirmed to be part of the Promoter/Promoter group.
Source: BSE
