New Delhi: The Security Exchange Board of India (SEBI) has given approval to six companies including Rakesh Jhunjhunwala-invested Star Health & Allied Insurance to launch Initial Public Offering (IPO).
Apart from star health insurance company, the companies like Nykaa, Penna Cement Industries, Nykaa, Penna Cement Industries, Adani Group's FMCG Company Adani Wilmar, Latent View Analytics and Sigachi Industries have also got approval of IPO from SEBI.
Several reports in the media, claimed that these companies had submitted the required documents for IPO with SEBI between May and August. Last week, the board gave approval to these six companies to for the launch of the same between October 11 and 14.
Star Health Insurance Company will issue new shares worth Rs 2,000 crore under the IPO. The promoters of the Star Health Insurance company will bring OFS of 6,01,04,677 equity shares.
Star Health & Allied Insurance Company started its operations in 2006 as India's first standalone health insurance provider. The main objective of the company is to provide health insurance at low cost rates and make it available to every section of the population.
Be it a person, family or senior citizens, the company fulfill the medical requirement for treatment of everyone. Apart from this, the company also provides various types of coverage for you and your family.
The company deals in health, personal accident and travel insurance. It has achieved service excellence and always comes up with innovative products to provide the best to its clients.
With hard work and commitment towards providing the best services to its clients, the company has won many awards and accolades, which shows its dedication and determination.