Clarification on Shareholding: Star Health Addresses Media Reports Following Promoter’s Estate Settlement
Star Health and Allied Insurance Company Ltd has issued a clarification regarding media reports concerning changes in shareholding, specifically addressing news items that indicated significant reductions in the stake held by Rekha Jhunjhunwala.The company clarified that the reported movement in the shareholding of the Promoter and Promoter Group during the quarter ended June 30, 2026, resulted from the transmission of equity shares previously held by Late Mr. Rakesh Jhunjhunwala. This transaction constitutes an inter-se devolution within the Promoter and Promoter Group as part of the settlement of Late Mr. Rakesh Jhunjhunwala's estate.
The clarification responds directly to reports published on July 23, 2026, by economictimes.indiatimes.com., titled 'Rekha Jhunjhunwala sells over 7 crore Star Health shares in Q1,' and a report from livemint.com dated July 24, 2026, stating that 'Rekha Jhunjhunwala cuts Star Health stake to 3.04% from 15.5%; late Rakesh Jhunjhunwala promoter holding falls to nil.'
The company noted that the transmission of shares held by Late Mr. Rakesh Jhunjhunwala received approval from the Insurance Regulatory and Development Authority of India (IRDAI) on April 06, 2026. This approval concerned the transmission of 8,28,82,958 equity shares, which were to be carried out according to the probate granted in his name.
As of June 24, 2026, Sitara Partners LLP, a Promoter of the company, reported holding 7,82,13,958 equity shares. This holding represents 13.2887% of the total issued and paid-up share capital. The intimation regarding this stake was made by Mrs Rekha Rakesh Jhunjhunwala, in her capacity as Designated Partner of Sitara Partners LLP.
Key details regarding the current status are summarized below:
| Shareholder | Stake Status | Shares Held (as of June 24, 2026) | Percentage Holding |
|---|---|---|---|
| Star Health Promoter Group | Post-Estate Devolution | - | Clarification issued |
| Sitara Partners LLP | Current Holding | 7,82,13,958 | 13.2887% |
The company confirmed that the details pertaining to the transmission of the 8,28,82,958 equity shares held by Late Mr. Rakesh Jhunjhunwala, as per the Probate issued by the High Court of Bombay on December 18, 2023, were previously intimated following the Board Meeting held on June 26, 2026.
STARHEALTH Stock Price Movement
As of 1:36 PM, shares of Star Health and Allied Insurance Company Limited are edging higher to ₹586.75 as they gain 1.69% in live trading. The stock is managing significant intraday volatility, with traders recording a total volume of 133,484 shares while the equity oscillates between a low of ₹570.10 and a high of ₹589.55.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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