India: WestBridge, Rakesh Jhunjhunwala, Madison consortium to buy Star Health

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

Safecrop Holdings Pvt Ltd, a consortium of investors including WestBridge AIF, billionaire investor Rakesh Jhunjhunwala and Madison Capital, has signed definitive agreements to acquire Chennai-based Star Health & Allied Insurance Company Ltd

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