WestBridge Capital is exploring options for its 40% stake in Star Health & Allied Insurance Co., including a potential sale, according to reports citing rising interest from potential buyers.
The private equity firm, which has held the position since the insurer's early growth phase, is reportedly evaluating exit strategies as the Indian health insurance market matures and valuations stabilize.
The development marks a significant potential shift in the ownership structure of one of India's leading health insurers.
Star Health, which operates independently from the larger Star Group conglomerate, has been a key portfolio company for WestBridge.
A sale of the majority stake could open the door for strategic investors, including other financial institutions or healthcare-focused private equity funds, to take a controlling interest.
Multiple wire services, including Reuters and the Financial Times, have corroborated reports of the ongoing discussions.