Max Healthcare Institute has announced a request for the re-classification of Radiant Life Care Hospital Foundation (RLCHF) from the ‘Promoter Group’ to the ‘Public’ category. This move follows the sale of the entire equity stake held by Mr. Abhay Soi and Radiant Life Care Private Limited in RLCHF, which means RLCHF no longer meets the criteria for being part of the ‘Promoter Group’ as per SEBI regulations.
The re-classification request is in accordance with Regulation 31A of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. RLCHF currently does not hold any shares in Max Healthcare, ensuring that the proposed change will not affect the overall shareholding of the promoter group within the company.
The Board of Directors of Max Healthcare will consider this request in their upcoming meeting, and the company will proceed with the necessary steps and approvals as mandated by SEBI regulations.
This disclosure has been made available on the company’s official website, www.maxhealthcare.in.
Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).