16-Apr-18, ET Healthcare
ICICI Lombard General Insurance has emerged as the frontrunner to acquire Chennai-based Star Health and Allied Insurance, edging past the competing consortium of WestBridge Capital and investor Rakesh Jhunjhunwala, valuing the company at INR6,000 crore (USD904 mn).
%20Business%20Medical%20Dialogues_Star%20Health.jpg "ICICI Lombard frontrunner for Star Health in India (c) Business Medical Dialogues Star Health")
Image: Business Medical Dialogues / Star Health
Star Health, founded in 1996, is India’s largest standalone health insurance firm, owned by a clutch of global and local VC and private equity funds led by Sequoia Capital-owned Snowdrop Capital, insurer Oman Insurance Company and Dubai-based ETA Trading.