ICICI to invest Rs 120 crore in Star Health

This would be the maiden investment for ICICI Venture, a subsidiary of ICICI Bank, from its new $500 million PE fund India Advantage Fund Series 3, said an official release by the company.  

Star Health is a Chennai-headquartered company headed by V Jagannathan that has garnered a gross premium of around $200 million in 2009-10.   It is promoted by shareholders of the Middle-East-based conglomerateETA, Ascon group and Oman Insurance Company, a subsidiary of the UAE-based Mashreq Bank.

Liked the story?

  • 0

    Happy
  • 0

    Amused
  • 0

    Sad
  • 0

    Frustrated
  • 0

    Angry