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Disclosure Under Regulation 30 Of The SEBI (Listing Obligations And Disclosure Requirements) Regulations, 2015 ("Listing Regulations") Read With The SEBI Circular No. CIR/CFD/CMD/4/2015 Dated September 9, 2015 (SCRIPCODE: 539981)
India, Dec. 3 -- Please refer our earlier letter dated February 26, 2019 informing the Stock Exchanges regarding the proposal for divestment of entire shareholding of the Company held in its material subsidiary viz. Max Bupa Health Insurance Company Limited (equivalent to 51% of Max Bupas total issued and paid-up equity share capital) to True North Fund VI LLP (either directly or through any of its affiliates) and subsequent letter dated May 23, 2019 informing the Stock Exchanges regarding receipt of shareholders approval for the aforesaid divestment. In this regard, we would like to inform that Insurance Regulatory and Development Authority of India (IRDAI) vide its letter dated December 2, 2019 accorded its approval for the aforesaid dive...
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