Ace investor Rekha Jhunjhunwala lost over ₹500 cr in 1 day in insurance stock, falls by 8.5% on May 26 trade3 min read 26 May 2023, 08:47 PM IST
General insurance firm, Star Health nosedived on Friday by at least 8.5%. Ace investor Rekha Jhunjhunwala being the largest promoter of Star Health saw her shareholding value drop by over ₹500 crore in May 26th trade.
Star Health and Allied Insurance Company on Friday nosedived by nearly 10% on exchanges and even emerged among top underperformers. Due to the steep selloff, late market mogul Rakesh Jhunjhunwala's wife Rekha lost more than ₹500 crore in 1 day in Star Health. Rekha Jhunjhunwala is the largest promoter in the general insurance firm.
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