SBI Mutual Fund has made a notable investment in Star Health and Allied Insurance Company Ltd.. The fund manager acquired 1.6 crore shares through a block deal, indicating renewed institutional interest.
On June 25, 2025, SBI Mutual Fund acquired 1.6 crore shares of Star Health via block deals at an average price of ₹420 per share. The total investment amounts to ₹672 crore, translating into a 2.72% stake in the company. This is a significant entry, especially given that SBI Mutual Fund did not feature among the prominent shareholders in the March quarter shareholding disclosures.
As of March 31, 2025, mutual funds collectively held a 9.45% stake in Star Health. Leading positions were held by ICICI Prudential Pharma Healthcare Fund (4.8%) and HDFC Trustee Company Ltd. (3.97%). Despite being a favoured sector among institutions, SBI Mutual Fund had minimal to no holdings in the insurer during that period.
Prominent institutional investors in Star Health include ICICI Prudential Life Insurance with 4.7%, and global names like the Massachusetts Institute of Technology, Government Pension Fund Global, and WF Asian Reconnaissance Fund. The company was founded by the late Rakesh Jhunjhunwala, who remains a promoter with a 14.1% stake, while his wife Rekha Jhunjhunwala holds 3.04%. Safecrop Investments India LLP, another promoter entity, holds the largest stake at 40.29%.
Read More: Life Insurers Paid Over ₹55,000 Crore in Commissions in FY25; LIC Accounted for Nearly Half at ₹25,300 Crore!
On June 26, 2025, Star Health and Allied Insurance Company share price opened at ₹438.70 on NSE, and is trading at ₹423.00 as of 1:49 PM. The stock registered a moderate decline of 1.65%.
Over the past week, it has declined by 0.65%, over the past month, it has declined by 11.64%, and over the past 3 months, it has moved up by 19.81%.
Star Health Insurance shares went public in 2021 but have experienced a correction. The price at which SBI Mutual Fund acquired its stake is lower than the IPO price of ₹900 per share.
Disclaimer: This blog has been written exclusively for educational purposes. The securities or companies mentioned are only examples and not recommendations. This does not constitute a personal recommendation or investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.
Investments in securities are subject to market risks. Read all related documents carefully before investing.
Published on: Jun 26, 2025, 3:26 PM IST
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