India's Star Health trades flat in debut after tepid IPO

Rakesh Jhunjhunwala, Partner, Rare Enterprises, poses after an interview with Reuters in Mumbai, India November 14, 2017. REUTERS/Shailesh Andrade

BENGALURU (Reuters) -India's Star Health and Allied Insurance Co, backed by billionaire stock investor Rakesh Jhunjhunwala, see-sawed in a weak debut on Friday, after failing to attract investor interest in a blockbuster year for domestic listings.

Shares of the country's largest private health insurer were down 6% in pre-open trade before reversing course to gain 4.4%. At 0635 GMT, shares were trading flat at 901.40 rupees.