“City-based Star Health & Allied Insurance Company Ltd., the country’s first standalone health insurance firm, is set to change hands,” reported The Hindu. “Safecrop Holdings Pvt. Ltd., a consortium comprising WestBridge AIF, Rakesh Jhunjhunwala and Madison Capital, has signed definitive agreements with the shareholders of Star Health & Allied Insurance Company Ltd. to buy out their shares in Star Health.”

AZB & Partners advised Star Health Investments Private Limited and its promoters and certain shareholders, as India Advantage Fund, managed by ICICI Venture Funds Management Company Limited led by a team of partners Aditya Vikram Bhat, Bhuvana Veeraragavan, Arvind Ramesh and lawyers Vydyanathan L, Gautam Rego, Rutunjay Singh, Adoksh Shastry.

2018-08-16

Deal value: Not disclosed

{incomplete}