Rakesh Jhunjhunwala-Backed Star Health Gains 22% In Four Sessions

Shares of Star Health & Allied Insurance Co. jumped 7.5% after the billionaire Rakesh Jhunjhunwala-backed company partnered CSC to make health insurance accessible in rural India.

Star Health and Common Services Centers, under the Ministry of Electronics & Information Technology, have partnered to provide over 5 lakh CSCs access to a select range of Star Health insurance products, designed to meet the needs of rural customers across tier-II, tier-III cities and rural markets pan-India, according to an exchange filing.

CSCs, a digital India initiative, act as access points for delivery of essential public utility services, social welfare schemes and healthcare, among others.

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