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Mumbai: Star Health and Allied Insurance founder V Jagannathan is in talks with the TVS group for equity participation by the Chennai-based conglomera.
The TVS group had formerly owned an insurance company, Madras Motor and General Insurance, before the nationalisation of the industry. Post-nationalisation, Madras Motor merged into United India Insurance. Subsequently, following liberalisation, Sundaram Finance — which was initially promoted by Madras Motor — floated Royal Sundaram Insurance, a general insurance company.
India Business News: Star Health and Allied Insurance founder V Jagannathan is in talks with the TVS group for equity participation by the Chennai-based conglomerate in t