Promoter Reclassification27 Oct 2026, 09:30 pm
Star Health Board Approves Promoter Reclassification
AI Summary
Star Health and Allied Insurance Company Limited's Board of Directors has approved the reclassification of Sthitaprajna Advisors LLP from the Promoter Group category to the Public Shareholder category. This decision follows a request from Sthitaprajna Advisors LLP, after Mr. Utpal Hemendra Sheth ceased to be its Designated Partner and Partner. The reclassification is subject to obtaining all requisite regulatory approvals.
Key Highlights
- Board approved reclassification of Sthitaprajna Advisors LLP.
- LLP moves from Promoter Group to Public Shareholder category.
- Reclassification follows partner change in Sthitaprajna Advisors LLP.
- Subject to necessary regulatory approvals.
Price Impact
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