This Mukul Agrawal-Backed Stock Is Gaining After Huge Block Deals

Shares of Star Health and Allied Insurance Company opened in positive territory on Tuesday after major block deals hit the market.

What Happened: ROC Capital, Madison Capital, and the University of Notre Dame, executed open market transactions, collectively divesting shares of Star Health worth ₹1,312 crore.

According to data available from block deals on BSE, the University of Notre Dame DU LAC, ROC Capital, and Madison Capital collectively unloaded a substantial chunk of 2.15 crore shares of Star Health and Allied Insurance in a series of four tranches.

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These shares were transferred at an average price of ₹610.2 per share, aggregating to an impressive transaction value of ₹1,312.55 crore. Notably, these divested shares were acquired by ICICI Prudential Life Insurance Company and investment funds affiliated with Fidelity Investments.

Price Action: Star Health’s share price was up 0.43% at ₹613.75 at open on Tuesday.

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Posted In: EquitiesMarketsMoversTrading IdeasICICI Prudential Life Insurance CompanyMukul AgrawalStar Health And Allied Insurance Company