Divya Delhi : Investor Rekha Jhunjhunwala has transferred her shares in Star Health and Allied Insurance Company to a promoter-linked Limited Liability Partnership (LLP) as part of a succession planning exercise. Following the announcement, shares of Star Health witnessed a decline in the stock market as investors reacted to the development. The transfer is seen as a move to streamline ownership and ensure continuity of the promoter group’s stake in the company. The transaction does not indicate a change in the company’s operations but is aimed at managing long-term ownership arrangements. Market participants monitored the development closely, leading to movement in Star Health’s share price during trading.
