Latest News | Apis Partners Offloads Star Health & Allied Insurance's Shares for Rs 323 Cr

New Delhi, Jul 12 (PTI) A fund managed by UK-based Apis Partners on Wednesday offloaded shares of Star Health & Allied Insurance Company for Rs 323 crore through an open market transaction.

Apis Growth 15 Ltd sold the shares of Star Health & Allied Insurance Company.

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According to the bulk deal data available with the BSE, Apis Growth 15 disposed of 52,84,334 shares, amounting to nearly 1 per cent stake in Star Health & Allied Insurance Company.

The shares were sold at an average price of Rs 612 apiece, taking the aggregate transaction size to Rs 323.40 crore.

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Details of the buyers could not be ascertained.

Shares of Star Health & Allied Insurance Company rose 2.23 per cent to close at Rs 631.10 per piece on the BSE.

(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)