CCI gives nod to ROC investment in Star Health

New Delhi: The competition watchdog on Friday approved the acquisition of 2.39% equity stake in Star Health and Allied Insurance Company (Star Health) by ROC Star Investment Trust (ROC) under the ‘green channel’ route which allows for immediate deemed approval upon filing with the commission.

ROC, an investment vehicle managed by Australian investment management company ROC Capital Pty Ltd. is set to acquire the stake in Star Health from Snowdrop Capital Pte Ltd.

Post the completion of the proposed combination, ROC will have certain rights, including non-control conferring veto rights in Star Health, the Competition Commission of India said in a release.


Star Health is a general insurance company which provide health insurance and also deals in personal accident insurance, mediclaim and overseas travel insurance. The Company sells policies in India through a network of licensed intermediaries such as corporate agents, brokers and insurance agents.