Star Health and Allied Insurance has received requests for reclassification from certain members of its promoter group. Ebono Private Limited and GS E-commerce Private Limited seek to change their status from ‘Promoter Group’ to ‘Public’ category. This request follows changes in shareholding and is subject to necessary approvals.
Reclassification Request Overview
Star Health and Allied Insurance Co. Ltd. announced on January 19, 2026, that it has received requests from certain members of the promoters group for reclassification as a public shareholder. The entities seeking this change are Ebono Private Limited and GS E-commerce Private Limited.
Details of Entities Seeking Reclassification
The following entities have requested reclassification from ‘Promoter Group’ to ‘Public’ category:
- Ebono Private Limited: Currently categorized as Promoter Group with Nil shares held.
- GS E-commerce Private Limited: Currently categorized as Promoter Group with Nil shares held.
Reason for the Request
The request for reclassification stems from WestBridge AIF I no longer holding more than 20% of the equity share capital of each of the entities. Both Ebono Private Limited and GS E-commerce Private Limited confirmed that they, along with related persons, do not hold more than 10% of the total voting rights in the company and do not exercise control over the company’s affairs. They also confirmed that they do not have any special rights or representation on the board of directors.
Next Steps
Star Health will take the necessary steps to process the reclassification request, including obtaining approvals from the Board of Directors and relevant stock exchanges.
Source: BSE
