Star Health: Board reshuffle, 8.29 cr Jhunjhunwala shares transmitted
STARHEALTH · price
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Board on June 26 approved: (1) Retirement of two Independent Directors, Mr. Rajeev Agarwal and Ms. Rajni Sekhri Sibal, effective July 15 after completing their 5-year terms. (2) Transmission of 8.29 crore equity shares held by late Rakesh Jhunjhunwala per Bombay High Court probate dated December 2023. (3) Resignation of Mr. Utpal Sheth as Jhunjhunwala's nominee director from June 26. (4) Appointment of Mr. Utpal Sheth as Additional Director (Non-Executive) representing promoter Sitara Partners LLP, with prior IRDAI approval.
Major ownership shift as Jhunjhunwala estate shares now transmit to heirs. Promoter Sitara Partners gains direct board representation through Utpal Sheth.