India's Star Health falls after report of lapses in insurance settlement process

Star Health and Allied Insurance

25/03/2025 10:07

** Shares of Star Health and Allied Insurance Company STAU.NS fall about 3.5% to 345.30 rupees, a 52-week low

** Drop after CNBC-TV18 reports that the insurance regulator Insurance Regulatory and Development Authority of India (IRDAI) identified lapses in STAU's settlement practices

** Report also says IRDAI is likely to take further action on STAU after concluding its investigation

** STAU shares down 27% this year

 (Reporting by Bharath Rajeswaran in Bengaluru)

 ((bharath.rajeswaran@thomsonreuters.com; +91 9769003463;))