In a series of block deals on the National Stock Exchange (NSE), 2,232,771 shares of Star Health and Allied Insurance Company Ltd. changed hands at a price of ₹611 per share, amounting to a total transaction value of approximately ₹136.42 crore. The block deals involved multiple parties, with the identities of the buyers and sellers not yet disclosed.
Star Health’s stock price opened at ₹610.00 on the NSE, slightly lower than the deal price. The stock has since traded at ₹611.25, reflecting an increase of ₹4.65 or 0.77% from its previous close of ₹606.60. During the trading session, the stock reached an intraday high of ₹616.00 and a low of ₹600.20.
Star Health is one of the largest private health insurers in India, with a market share of 15.8% in fiscal year 2021. The company focuses on the retail health and group health segments, which accounted for 89.3% and 10.7% of its total Gross Written Premium (GWP) in fiscal 2021, respectively.
Investors will be closely watching the stock’s performance in the coming days to gauge the market’s reaction to the block deal and its potential impact on the company’s future growth prospects.
