IPO norms for non-life insurance cos in 3 wks: IRDA

Insurance Regulatory and Development Authority (IRDA) said that by end-September it will finalise the IPO guidelines for non-life insurance companies that will allow them to raise funds from the capital market. As regards the IPO of non-life companies there are certain aspects which we have to finalise in IRDA. Hopefully, we will finalise those issues in next three weeks, IRDA Chairman J Hari Narayan said on the sidelines of a CII Health Insurance Summit in New Delhi. Hari Narayan said the proposed initial public offer (IPO) guidelines for non-life insurance firms were in the process of finalisation before they were ...

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