 "health insurance")
Private health insurance major Star Health and Allied Insurance Company Ltd has received an in principle approval from the Insurance Regulatory and Development Authority of India (IRDAI) for the proposed stake sale to a consortium of investors including WestBridge AIF, Rakesh Jhunjhunwala and Madison Capital.
The company will be going through other regulatory approvals before going for the final approval, said a senior management official.
In August, 2018, Star Health has announced that Safecrop Holdings Pvt Ltd, a consortium of investors, including WestBridge AIF, Rakesh Jhunjhunwala and Madison Capital, signed a definitive agreement with the shareholders of the insurance firm to acquire
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