TVS group eyes stake in new business of Star Health founder

​Star Health and Allied Insurance founder V Jagannathan is in talks with the TVS group for equity participation by the Chennai-based conglomerate in the veteran's new health insurance venture. After exiting Star Health, Jagannathan (79) has decided to start another health insurance company. Former Star Health CEO Dr S Prakash has joined Jagannathan in the new venture. Jagannathan had set up Star Health and Allied Insurance after retiring as chairman of United India Insurance. TVS group had formerly owned an insurance company, Madras Motor and General Insurance.

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