Update on re-classification of Radiant Life Care Hospital Foundation (formerly known as Radiant Life Care Foundation) from Promoter Group to Public category
MAXHEALTH · price
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Max Healthcare Institute has submitted an application to BSE and NSE seeking approval for re-classification of Radiant Life Care Hospital Foundation (RLCHF) from 'Promoter Group' to 'Public' category under SEBI Listing Regulations. This follows earlier intimation about the receipt of request and Board approval. The filing is an update confirming the application has been submitted to the stock exchanges for their no-objection letter.
Re-classification of RLCHF to public category means it will no longer be part of the promoter group, which could reduce the overall promoter holding percentage and affect public shareholding calculations.