Max Healthcare Institute Limited has informed the Exchange regarding Re-classification of Radiant Life Care Hospital Foundation (formerly known as Radiant Life Care Foundation) from Promoter Group to Public category.
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Radiant Life Care Hospital Foundation (formerly Radiant Life Care Foundation) has requested re-classification from the 'Promoter Group' to the 'Public' category. This follows the sale of the entire equity stake held by Mr. Abhay Soi (Promoter) and Radiant Life Care Private Limited (Promoter Group) in RLCHF. As a result, RLCHF no longer meets the definition of 'Promoter Group' under SEBI regulations. Importantly, RLCHF does not hold any shares of Max Healthcare Institute Limited as on date. The request will be placed before the Board of Directors for consideration.
The re-classification will not impact the overall shareholding of the promoter and promoter group in the Company since RLCHF holds no shares. This is an administrative change reflecting the departure of an entity from the promoter group structure.