Hinduja’s stake transfer plan hits Irdai roadblock! Regulator objects, calls application ‘premature’
A move by Reliance General Insurance (RGICL), a subsidiary of Reliance Capital (RCap), to transfer its 25% stake to a Hinduja group company has hit a roadblock following objections raised by the insurance regulator. In October, Hinduja group had sought Insurance Regulatory and Development Authority of India‘s (Irdai’s) permission to transfer about 25% equity capital […]