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 (RLCHF) has requested re-classification from the 'Promoter Group' to the 'Public' category under SEBI Listing Regulations. This follows the sale of the entire equity stake held by Promoter Mr. Abhay Soi and Promoter Group entity Radiant Life Care Private Limited in RLCHF. As a result, RLCHF no longer meets the definition of 'Promoter Group' under SEBI regulations. Critically, RLCHF does not hold any shares of Max Healthcare Institute as on date. The re-classification will have no impact on the overall promoter and promoter group shareholding of the Company. The request will be placed before the Board of Directors at its forthcoming meeting for consideration.
Since RLCHF holds zero shares in Max Healthcare and the promoter group shareholding will remain unchanged, this re-classification has no direct financial or shareholding impact on the Company or its shareholders at this stage.