MFS: Neelu Analjit Singh to reclassify as public shareholder of Max Financial

Max Financial Services on Tuesday said that Neelu Analjit Singh, ex-wife of Max group founder and chairman Analjit Singh, has requested to change her holding in the financial services firm from promoter to public category. The request received from Neelu Analjit Singh, belonging to the 'Promoter and Promoter Group' holding 1,00,000 equity shares, to reclassify her status from 'Promoter and Promoter Group' to 'Public' category, subject to approval of the concerned stock exchanges, Max Financial Services said in a regulatory filing. In January this year, Analjit Singh, founder and chairman of the Max group, and his estranged wife Neelu Singh reached a global settlement ending nearly a three-year long dispute. Consequently, all the suits/petitions filed in the Delhi High Court and before the NCLT against Max Ventures Investment Holdings Private Limited, its directors and Analjit Singh were duly withdrawn and stand disposed off. "The approval of the Board of Directors of the company o