ICICI, Carlyle, Sequoia invest India's Star Health
A consortium including ICICI Venture, the Carlyle Group, and Sequoia Capital India is completing the first private equity deal in India's health insurance space, with a $100 million investment in Star Health and Allied Insurance Co. Ltd.
The investment will target a 15-20% stake, according to reports. Carlyle is investing from its Carlyle Growth Partners fund. Chennai-headquartered Star Health, a JV between Oman Insurance Company, West...
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