Announced Thu, 18 Jun · 15:55 IST
Shareholders approve reclassification from Promoter Group to Public
Ownership Changes View source PDF
STARHEALTH · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
+2.6%1-day move
₹565.85
prior close
₹563.90
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+0.5+0.7+0.4+1.2+2.6+3.0+1.4+1.6+3.8+3.7+5.9+3.2——
Up moveDown movePending
AI summary
Star Health and Allied Insurance has received shareholder approval to reclassify certain shareholding entities from the Promoter Group category to the Public category. This means these entities will no longer be treated as part of the promoter group. The reclassification is a corporate action that changes how shareholdings are categorized and does not involve an actual transfer or sale of shares. The company has not disclosed specific shareholding figures in this filing.
Likely market impact
Reclassification reduces the effective promoter group shareholding; these entities will now be counted as public shareholders.