Max Healthcare gets nod from stock exchanges to reclassify Analjit Singh, family as public category shareholders

Mumbai: Hospital chain Max Healthcare Institute said it has received approvals from Bombay Stock Exchange (BSE) and National Stock Exchange of India (NSE) for reclassifying erstwhile promoters Analjit Singh and his family members from promoter category to public category shareholders.

Max said it has sought both NSE and BSE to reclassify the original promoters on December 8, 2021.

"We wish to inform that BSE Limited (“BSE") and National Stock Exchange of India Limited (“NSE") vide their letters dated March 24, 2022 have approved the application for reclassification of following from ‘Promoter’ category to ‘Public’ category," Max said in a statement to stock exchanges.


Private equity firm KKR-backed hospital management firm Radiant Life Care acquired Max Healthcare from Max India for Rs7,242 crore in December 2018.

Max Group founder Analjit Singh was in the news, with his wife alleging “diversion and siphoning” off funds by her husband from a group holding company.