GIC, ADIA and others infuse $429 mn in Star Health IPO as anchor investors

Chennai-based Star Health and Allied Insurance has raised Rs 3,217.13 crore (approximately $429 million) from 62 anchor investors including sovereign funds Abu Dhabi Investment Authority (ADIA), Monetary Authority of Singapore and Government of Singapore, among others. The private health insurance firm has allocated 3.57 crore equity shares at an upper price ......