Insurance Indian promoter must hold 26 percent stake in insurance joint ventures: IRDA

Indian promoter must hold 26 percent stake in insurance joint ventures: IRDA

Source: Economic Times May 26, 2015

The Insurance Regulatory and Development Authority of India has mandated a minimum 26% equity holding by the Indian promoter in any insurance company to ensure that the local investor does not use the liberal foreign investment and listing policy to dilute accountability.

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