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International

Indian investors allowed up to 10% stake in insurers

May 22, 2015 Reprints

India's Insurance Regulatory and Development Authority has said that an Indian investor can hold a stake of up to 10% in the paid-up equity of an insurer in the country, reports Asia Insurance Review.

The regulator also said that all Indian investors jointly cannot hold over 25% of paid-up equity capital of the insurer.

These regulations on share transfers are reportedly to ensure that an insurer's shareholdings remain well diversified.

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Indian investors allowed up to 10% stake in insurers

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