India: Star Health Insurance stake sale draws bids from Temasek, Carlyle, 10 others

India: Star Health Insurance stake sale draws bids from Temasek, Carlyle, 10 others

Star Health Insurance chairman and MD V. Jagannathan. Star Health’s investors, which include ICICI Venture Fund and Sequoia Capital, are looking at a valuation of Rs7,000 crore for the insurance company. Photo: Mint

Star Health and Allied Insurance Co. Ltd has received as many as 12 bids from interested parties, including financial as well as strategic investors, to acquire the business from private equity investors, two people aware of the development said.

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