Hinduja’s Stake Transfer Plan Hits IRDAI Roadblock
MUMBAI: 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 […]
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