WestBridge Capital has boosted its stake in Star Health and Allied Insurance with a $12 million investment, even as it navigates regulatory approval for a new general insurance venture, Kiwi. The private equity firm clarified its Star Health investment was disclosed to Irdai during Kiwi’s licensing process, adhering to promoter guidelines.
Capri Global eyes up to $500 million offshore bond issue
Capri Global Capital is venturing into international markets for the first time, planning to raise $300-500 million through overseas bonds. This move aligns with other