IRDAI has tightened oversight on insurer ownership changes and eased capital raising. Investors now need prior approval for shareholding changes exceeding five percent. The regulator also extended approval requirements to promoter group transfers. Dilution from existing shareholders not participating is now a transfer event. These amendments were announced late Friday by the authority.
IRDAI has tightened oversight on insurer ownership changes and eased capital raising. Investors now need prior approval for shareholding changes exceeding five percent. The regulator also extended approval requirements to promoter group transfers. Dilution from existing shareholders not participating is now a transfer event. These amendments were announced late Friday by the authority.
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