Step 1: Moment of inertia of a solid sphere.
The moment of inertia of a solid sphere about its diameter is:
\[
I_{\text{sphere}} = \frac{2}{5} M R^2
\]
Step 2: Moment of inertia of a disc.
The moment of inertia of a disc about an axis passing through its edge and perpendicular to its plane is:
\[
I_{\text{disc}} = \frac{1}{2} M R_{\text{disc}}^2 + M R_{\text{disc}}^2 = \frac{3}{2} M R_{\text{disc}}^2
\]
where \( R_{\text{disc}} \) is the radius of the disc.
Step 3: Equating the moments of inertia.
Since the moment of inertia of the recast disc is equal to that of the sphere, we set the two equal:
\[
\frac{2}{5} M R^2 = \frac{3}{2} M R_{\text{disc}}^2
\]
Solving for \( R_{\text{disc}} \):
\[
R_{\text{disc}} = \frac{2R}{\sqrt{15}}
\]
Step 4: Conclusion.
Thus, the radius of the disc is \( \frac{2R}{\sqrt{15}} \), which is option (C).