Rekha Jhunjhunwala Portfolio: SBI Mutual Fund, the largest fund house in India by assets, has bought 1.6 crore shares of Star Health & Allied Insuranceat an average price of Rs 420 per share, totalling Rs 672 crore in transaction value. SBI Mutual Fund now holds a 2.72% stake in Star Health.
This acquisition happened on Wednesday through block deals, according to available data.
Established in 2006, Star Health & Allied Insurance offers a wide range of health, personal accident, and travel insurance products tailored for the Indian market.
On Wednesday, Shares of Star Health & Allied Insurance settled at Rs 428.20 apiece, against the previous day close at Rs 427.90 apiece.
Other notable public shareholders in Star Health include the Massachusetts Institute of Technology (MIT), Government Pension Fund Global, and WF Asian Reconnaissance Fund.
Star Health Insurance was initially promoted by the late Rakesh Jhunjhunwala and is now managed by his family. Jhunjhunwala remains listed as a promoter with a 14.1% stake, while his wife, Rekha Jhunjhunwala, holds an additional 3.04%. Safecrop Investments India LLP, also a promoter, has a 40.29% stake.
Rekha Jhunjhunwala has maintained a strong presence in the Indian equity markets with a diversified portfolio across sectors such as banking, pharma, FMCG, auto, and IT services. As of the March 2025 quarter, her major holdings include Titan Company (Rs 16,724.7 crore), Tata Motors (Rs 3,222.1 crore), Metro Brands (Rs 2,976.7 crore), and Fortis Healthcare (Rs 2,397 crore).
Her portfolio also includes significant investments in lesser-known companies like Va Tech Wabag, Sundrop Brands, and Raghav Productivity Enhancers.