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IRDAI STAKE DILUTION
LIC in talks with regulators on long-term instruments to match growing liabilities: CEOLife Insurance Corporation of India is working with regulators like the Reserve Bank and Sebi. This is to increase long-term investment opt...- Prudential to seek 12-18 months window to pare 12% stake in ICICI Prudential LifePrudential plans to acquire a controlling stake in Bharti Life Insurance. This move requires Prudential to reduce its holding in ICICI Prud...
- WestBridge raises Star Health stake by $12 millionWestBridge Capital has boosted its stake in Star Health and Allied Insurance with a $12 million investment, even as it navigates regulatory...
- IRDAI may limit Kiwi Insurance's retail health offerings as promoters hold stakes in Star Health tooIrdai is considering limiting Kiwi General Insurance's retail health offerings due to WestBridge Capital's majority stake in both Kiwi and ...
- Govt seeks merchant bankers for selling equity in public sector banks, financial institutionsThe Department of Investment and Public Asset Management (DIPAM) on Monday invited bids from merchant bankers to assist the government in i...
- Startups in queue for insurance licence face stricter normsBacking of a large local investor, considerable net worth of promoter and founder are among key requirements laid down by the sector regula...
- PNB withdraws divestment process in Canara HSBC Life Insurance"The Exchange is hereby informed that on account of recent IRDAI Notification dated 05.12.2022 on IRDAI (Registration of Indian Insurance C...
- IRDAI approves changes in capital, ownership, solvency of insurance companiesThe Insurance Regulatory and Development Authority of India (IRDAI) has also approved a proposal to permit Private Equity (PE) funds to inv...
- LIC set to approach regulator for nods before filing DRHPLife Insurance Corporation (LIC) will soon reach out to insurance regulator the Insurance Regulatory and Development Authority of India (IR...
- Punjab National Bank to divest stake in Canara HSBC OBC Life InsuranceThe city-headquartered state-owned bank had acquired a stake in the life insurer post amalgamation of the erstwhile Oriental Bank of Commer...
- LIC to set time-line for paring IDBI Bank stake: Irdai's SatheThe around Rs 20,000-crore deal could help the national insurer realise its long-cherished dream of owning a bank.
- LIC kickstarts talks to exit over Rs 5,000 crore stake in Tata SonsLIC investments will turn unsecured post change in status of Tata Sons.
- LIC-IDBI Bank deal: How life insurance companies invest your moneyFollowing the LIC-IDBI Bank deal, a look at its implications and the investment guidelines life insurers have to follow.
- ICICI Lombard gets Sebi nod for Rs 6,000 crore IPOICICI Lombard is a joint venture between ICICI Bank and Canada-based Fairfax Financial.
- LIC will have to reduce its exposure in ITC, Corporation Bank, L&T to 15%; here’s whyIRDAI had sought a plan from LIC on time frame as well as on quantum of stake dilution.
- Fairfax to back general insurance startup DigitThe new Bengaluru-headquartered company's team is a blend of insurance and ecommerce executives.
- Promoters of isurance firms must hold 50% after listingWhat the new rules mean is that promoters will have to continue to infuse capital into the business even in future as the business grows.
- Talk of 4 issues keeps IPO mart abuzz: Parag tops chart among new entrantsInvestors could soon expect value unlocking in PNB after the public sector lender said its subsidiary PNB Housing Finance is coming out wit...
- Revised IPO guidelines soon for insurance firms: IRDAI"Business has been good for all insurance companies in April. If this trend continues, we can expect higher growth in financial year 2016-1...
- First round cleared for foreign resinsurersInsurance regulator, Insurance Regulatory and Development Authority (IRDAI) has given initial approval to four foreign reinsures to open th...
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