Bain Capital may invest $250 million in Star Health & Allied Insurance even as Ola has reportedly raised up to $50 million from New York-based investment firm Tekne Capital Management.
PE firm Bain Cap is looking to buy a minority stake in Star Health & Allied Insurance for $250 million, according to an Economic Times report. The transaction, if successful, will come as a pre-IPO round of funding and will buy out shares held by other financial investors including Sequoia Capital, ICICI Venture, Tata Capital and Oman Insurance Co, the report said. Kotak Mahindra has been appointed to help in raising the funds.
