Rekha Jhunjhunwala's stake in Star Health at 3.04% in Q1, late Rakesh Jhunjhunwala's holding at 0: Here's what happened | Stock Market News

Star Health shareholding: Star Health and Allied Insurance Company share price declined over 1% on Friday, July 23, after ace investor Rekha Jhunjhunwala's stake in Star Health and Allied Insurance Company significantly during the June quarter of FY27 seems to have declined, according to the company's latest shareholding data.

Her shareholding is shown at 3.04% as of June 30, 2026, from 15.57% at the end of the March quarter, indicating a sale of nearly 7.38 crore shares during the quarter.

The latest shareholding pattern also showed that the promoter holding under Rakesh Jhunjhunwala and Associates is nil at the end of the June quarter, compared with 1.55% as of March 31, 2026.

However, the company has clarified that the change in the shareholding pattern was the result of a succession-related transmission of shares following the demise of Rakesh Jhunjhunwala, along with an off-market transfer to Sitara Partners LLP, a promoter entity in which Rekha Jhunjhunwala is a Designated Partner. The company clarified that the transaction was not an open-market sale, not a transfer to a third party, and did not represent an exit by the promoter group.

It further added that the Insurance Regulatory and Development Authority of India (IRDAI), through its communication dated April 6, 2026, approved the transmission of 8,28,82,958 equity shares previously held by the late Rakesh Jhunjhunwala. The transmission was carried out in accordance with the probate granted for his estate and the applicable legal and regulatory requirements.

Following the transmission, 7,82,13,958 equity shares were transferred to Sitara Partners LLP through an off-market transaction on June 24, 2026. Regulatory filings identify Sitara Partners LLP as the acquirer and confirm that it is part of the promoter/promoter group, while Rekha Jhunjhunwala and the Jhunjhunwala family trusts have been identified as Persons Acting in Concert (PACs). After the transfer, Sitara Partners LLP held a 13.2887% stake in Star Health.

Separately, in its June 26, 2026 board meeting outcome filing (Ref: SHAI/B & S/SE/45/2026-27), the company informed the BSE and the National Stock Exchange of India (NSE) about the transmission of 8,28,82,958 equity shares held by the late Rakesh Jhunjhunwala, pursuant to the probate issued by the Bombay High Court on December 18, 2023.

The Jhunjhunwala family's investment in Star Health goes back to before the insurer's stock market listing. The company's red herring prospectus (RHP) for its 2021 IPO showed that the late Rakesh Jhunjhunwala owned a 14.98% stake in the company.

Since then, the Jhunjhunwala family has actively reshuffled its holdings in the company. Rekha Jhunjhunwala raised her personal stake from 3.04% in the September quarter of FY26 to 15.57% by the December quarter, before bringing it back down sharply during the June quarter of FY27.

As per the latest corporate shareholding disclosures, Rekha Jhunjhunwala has publicly disclosed holdings in 26 listed companies, with a combined portfolio value of more than ₹47,085.4 crore.

Her portfolio includes investments in Titan, Tata Motors PV, Metro Brands, Nazara Technologies, NCC, Canara Bank, Aptech, Crisil, Federal Bank, Fortis Healthcare, Indian Hotels Company, Jubilant Pharmova, Tata Communications and Wockhardt, among several other companies.

After falling to a 52-week low of ₹416.05 in July 2025, Star Health shares rallied nearly 50% to touch a 52-week high of ₹623.45 on July 14 this year.

The stock has declined around 2% over the past week and 0.5% over the past month. However, it has delivered gains of 11.5% in the last three months, 34.5% over six months and 33% over the past year.

Star Health and Allied Insurance Company, headquartered in Chennai, is a standalone health insurer with a network of more than 14,000 hospitals and over 850 branch offices across India.

Disclaimer: This story is for educational purposes only. Please consult with an investment advisor before making any investment decisions.

Pranati Deva is a seasoned financial journalist with over a decade of experience in high-pressure newsroom environments, currently working as a Senior Sub Editor at LiveMint. Over the years, she has developed a reputation for sharp editorial judgement, a strong grasp of market dynamics, and the ability to translate complex financial developments into clear, engaging stories for a wide audience. <br><br> Her core areas of coverage include stock markets, leading listed companies, currencies, and commodities, with a particular strength in fast-paced, real-time market reporting. She is known for handling breaking market news, earnings-driven stock movements, and macroeconomic developments with speed, accuracy, and context—qualities that are essential in financial journalism. <br><br> Pranati has built a diverse and credible professional track record across some of India’s most respected news organisations, including MintGenie, CNBC-TV18, Business Standard and EconomicTimes.com. During her stints at these platforms, she produced data-driven market stories, curated and steered live blogs during volatile trading sessions, and conducted interviews with market veterans, fund managers, economists, and industry experts. Her work often combines on-ground reporting with analytical depth, helping readers make sense of daily market fluctuations and longer-term trends. An alumnus of the Symbiosis Institute of Media and Communications and Hansraj College, University of Delhi, Pranati brings a strong academic foundation to her journalism. She specialises in real-time financial reporting, with a keen focus on precision, balance, and insight, aiming to decode market movements in a way that is both informative and accessible to readers across experience levels.

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