City
Epaper

Rakesh Jhunjhunwala's company Star Health And Allied Insurance partnership with the government, investors rush to buy shares

By Lokmat English Desk | Updated: July 12, 2022 19:35 IST

Open in App
1 / 8
Rakesh Jhunjhunwala has entered into a partnership with the government-backed Common Service Center (CSC). As soon as the news of this partnership spread in the market, there was a competition among the investors to buy the shares of Star Health and Allied Insurance. And due to this, the company's share price climbed up to 7 percent during trading on Tuesday.
2 / 8
Common Service Centers (CSC) and Star Health and Allied Insurance under the Ministry of Electronics and Information Technology are working together on a new project. Under this, both the companies together have planned to reach a large section of health related insurance products.
3 / 8
Under this, insurance products will be delivered to rural customers apart from Tier-II, Tier-III cities. It is worth noting that at present there are more than 5 lakh Common Service Centers in the country, which are taking the government's scheme from door to door. The insurance company will be able to sell the product through all these centers.
4 / 8
Anand Roy, Managing Director, Star Health and Allied Insurance Company said that the partnership with Common Service Centers will make it easier to reach village-to-village health insurance products that meet the specific needs of people in rural India. In fact, this will prove to be a big step in our endeavor to provide more options for the company.
5 / 8
After this partnership, there is a competition among investors to buy shares of Star Health and Allied Insurance Company.
6 / 8
During trading on Tuesday, the stock reached a high of Rs 593.20, which is an increase of 7 percent compared to the day before.
7 / 8
At the same time, the market capital of this company is at the level of 34 thousand crores.
8 / 8
. Not only this, veteran investor Rakesh Jhunjhunwala is the promoter of Star Health. As of the March 2022 quarter, Rakesh Jhunjhunwala holds 14.40 percent and his wife Rekha Jhunjhunwala holds 3.11 percent.
Tags: Rakesh JhunjhunwalaStar health and allied insurance
Open in App

Related Stories

BusinessRekha Jhunjhunwala Sees Rs 800 Crore Loss in Stock Market, Know Why

BusinessDeciding Between Stocks and Equity Funds for Long-Term Investments: By Sidhavelayutham, Founder and CEO, Alice Blue

BusinessYearender: Markets saw new heights, volatility from multiple headwinds in 2022

NationalAkasa Air to allow pets on board soon

EntertainmentDirector R Balki talks about casting actress Shreya Dhanwanthary in 'Chup'

Business Realted Stories

BusinessPM Modi aims to make India a hub of electronics manufacturing: Ashwini Vaishnaw

BusinessAdani Group raises Rs 4,850 crore after selling 13.5 pc stake in Adani Wilmar

Business"Impractical, blatant disregard for human dignity": BJP MP and trade leader Praveen Khandelwal criticises L&T chairman's 90-hour week remark

BusinessIndia to seek global partnerships for sustainable innovation at WEF meet in Davos

BusinessAmaravati works will resume with Rs 50,000 crore investment: Naidu