Tata Capital Growth Fund Buys 14 Percent Stake in Star Health & Allied Insurance Company (Asia)

Source: Economic Times

India-focused private equity firm Tata Capital has invested INR1.2 billion (approximately US$22.3 million) in Indian health insurer Star Health & Allied Insurance Company for a 14 percent stake. The investment was made through the Tata Growth Capital Fund. Prior investors in Star Health include private equity and venture capital firms Sequoia Capital and ICICI Venture Funds Management, which currently hold 40 percent and 24 percent equity stakes in the company, respectively.