PDA

View Full Version : Stake dilution: IRDA can't meddle in local-foreign promoters' deal, say experts



IndiaInsurance
13th October 2010, 01:06 AM
The Insurance Regulatory and Development Authority may not be able to force promoters of insurance companies to proportionately dilute their stakes in case of an initial public offering as there is no legal provision that empowers the regulator

More... (http://www.thehindubusinessline.com/2010/10/13/stories/2010101352610600.htm)