Rekha Jhunjhunwala cuts Star Health stake to 3.04% from 15.5%; late Rakesh Jhunjhunwala promoter holding falls to nil
AI Summary
Star Health and Allied Insurance Company's share price fell over 1% following a significant reduction in stake by investor Rekha Jhunjhunwala, who decreased her holding from 15.57% to 3.04% during the June quarter of FY27. Additionally, the promoter holding under Rakesh Jhunjhunwala and Associates has dropped to zero, raising concerns among investors about the company's outlook.
Star Health shareholding: Star Health and Allied Insurance Company share price declined over 1% on Friday, July 23, after ace investor Rekha Jhunjhunwala pared her stake in Star Health and Allied Insurance Company significantly during the June quarter of FY27, according to the company's latest shareholding data.
Her shareholding fell to 3.04% as of June 30, 2026, from 15.57% at the end of the March quarter, indicating a sale of nearly 7.38 crore shares during the quarter.
The latest shareholding pattern also showed that the promoter holding under Rakesh Jhunjhunwala and Associates dropped to nil by the end of the June quarter, compared with 1.55% as of March 31, 2026.
Star Health and Allied Insurance Company, headquartered in Chennai, is a standalone health insurer with a network of more than 14,000 hospitals and over 850 branch offices across India.
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