ICICI Venture to invest Rs 120 cr, pick up 15-20% in Star Health...

In the first PE deal in the Indian health Insurance sector, ICICI Venture on Thursday said the company is planning to pick up 15 -20% by investing Rs 120 crore ($ 27 million) in Star Health & Allied Insurance Company Ltd. The investment will take place over a period of one year. For ICICI Venture, this would be the maiden investment from its new $500-million PE fund India Advantage Fund Series 3. Commenting on the investment, Vishakha Mulye, managing director & CEO of ICICI Venture, said, The Indian health insurance market is poised for an exciting future given the low ...

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