GIC Private Limited, acting on behalf of the Government of Singapore (GOS) and the Monetary Authority of Singapore (MAS), has sold a portion of its equity stake in Max Healthcare Institute Ltd. This transaction has resulted in a decrease in GIC’s total shareholding. The sale, executed on September 18, 2025, involved the disposal of 960,808 equity shares. Despite the sale, GIC continues to hold a significant stake in Max Healthcare.
GIC’s Stake Reduction in Max Healthcare
GIC Private Limited, managing investments for the Government of Singapore (GOS) and the Monetary Authority of Singapore (MAS), has divested a portion of its holdings in Max Healthcare Institute Ltd. The transaction, completed on September 18, 2025, involved the sale of equity shares via the open market.
Details of the Transaction
Specifically, GIC sold 784,744 equity shares on account of GOS and 176,064 equity shares on account of MAS, totaling 960,808 shares. This sale represents approximately 0.099% of the total equity share capital of Max Healthcare. Post-transaction, the combined holdings of GOS and MAS amount to 56,515,686 equity shares, representing approximately 5.813% of the total share/voting capital.
GIC’s Remaining Holdings
Following the sale, GOS holds 43,826,705 equity shares (approximately 4.508%), and MAS holds 12,688,981 equity shares (approximately 1.305%) in Max Healthcare. While GIC has reduced its stake, it remains a significant shareholder in the company. Previously, as of August 18, 2022, GIC held 76,158,826 equity shares representing 7.85%.
Source: BSE
