Announced Tue, 28 Apr · 10:55 IST

Star Health and Allied Insurance Company Limited has informed the Exchange about receipt of No-Objection for reclassification of Promoter or Promoter Group to Public Category

Promoter Stake Sell 1pctOwnership Changes View source PDF

STARHEALTH · price

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▲ 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
+3.4%1-day move
₹515.20
prior close
₹519.30
base price
In-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
-0.1+0.1-0.0-0.0+3.4+2.1+1.0+0.4+1.1+0.7+1.0+2.1+14.0
Up moveDown movePending
AI summary

Star Health and Allied Insurance Company has received no-objection from both BSE and NSE for reclassifying two entities - Ebano Private Limited and GS E-Commerce Private Limited - from the Promoter/Promoter Group category to the Public category. The company had submitted its reclassification application on January 30, 2026, under Regulation 31A of SEBI LODR Regulations, 2015. The exchanges granted their approval on April 27, 2026. This means these two entities will no longer be considered part of the promoter group for regulatory and disclosure purposes, and their shareholding will be treated as public shareholding going forward. The company has committed to ensure compliance with subsequent relevant disclosures as required under the Listing Regulations.

Likely market impact

This reclassification reduces the official promoter group size and may affect how the market perceives the company's ownership structure. It could signal that Ebano Private Limited and GS E-Commerce Private Limited are reducing their influence or stake in the company, which investors should monitor through future shareholding disclosures.