Star Health Insurance Sale Last round– Premji and Jhunjunwala also interested

US insurer Prudential and Indian billionaire Azim Premji are joining forces to challenge a consortium of WestBridge Capital and Kedaara Capital, besides others, in the fight for a controlling stake in Star Health and Allied Insurance. Competition for the asset may intensify in the wake of the National Health Protection Scheme (NHPS) proposed in the budget. The Indian health insurance market is expected to quadruple to Rs 50,000 crore thanks to the social welfare scheme, experts This could drive up the valuation of the insurer beyond the Rs 6,000 crore…

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