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Valuation Norms For Insurance Cos Soon – IRDA Chief

18 September, 2009

India’s insurance regulator will come out with standardised method for valuation of insurance companies to enable them to go for initial public offering of shares in a couple of weeks, a top official said on Friday.

“We are working with SEBI to find ways and methods of how insurance companies can be valued and it will be available in a couple of weeks,” J.Hari Narayan, chairman of Insurance Regulatory Development Authority (IRDA), said in a conference.

Indian laws currently permit insurance companies to go for IPOs only after 10 years of operation.

Both the regulators – IRDA and SEBI – are also working on disclosure norms in prospectus of insurance companies going for IPOs, Narayan said.

 


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Valuation Norms For Insurance Cos Soon – IRDA Chief

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