GIC reduces stake in Max Healthcare Institute

GIC Private Limited, acting on behalf of the Government of Singapore (GOS) and the Monetary Authority of Singapore (MAS), has disclosed a sale of equity shares in Max Healthcare Institute Ltd. On September 18, 2025, GIC aggregated the sale of shares, triggering a disclosure under Regulation 29(2) of the SEBI Takeover Regulations.

Prior to this transaction, GOS held 44,611,449 equity shares (4.589%), and MAS held 12,865,045 equity shares (1.323%), totaling 57,476,494 equity shares, representing 5.912% of the total share/voting capital. The sale involved 784,744 equity shares (0.081%) from GOS and 176,064 equity shares (0.018%) from MAS, amounting to a total of 960,808 equity shares sold.

Following the open market sale, GOS's holding is now 43,826,705 equity shares (4.508%), and MAS's holding is 12,688,981 equity shares (1.305%). The combined holding of GIC, GOS, and MAS stands at 56,515,686 equity shares, representing 5.813% of Max Healthcare Institute Ltd.'s total equity share capital of 972,236,431 shares, as per the issuer's announcement on September 4, 2025.