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Decision on PEs investing in insurance firms in a month: Irdai chief

PE firms have invested heavily in leading insurers such as SBI Life, ICICI Lombard, HDFC Life and Max Life

Decision On Pes Investing In Insurance Firms In A Month: Irdai Chief

Subrata Panda  |  Mumbai 

Expressing concern over private equity (PE) firms buying stake in insurance companies, Insurance Regulatory and Development Authority of India (Irdai) Chairman T S Vijayan on Friday said the regulator will come out with a decision on this in a month’s time.

They have also formed a team to look into the matter legally. “In insurance companies, we look at it in two different ways — investors and promoters. Anybody can invest in the company; for promoter, we are studying what is the feasibility, and if at all somebody is coming, what are the conditions that need to be ...

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First Published: Sat, September 23 2017. 02:42 IST