IRDAI tightens ownership norms, eases capital infusion
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The biggest change relates to the transfer of shares. Unlike the 2024 framework, which required approval only for specified transfer situations, insurers will now need prior IRDAI approval whenever an investor's holding crosses 5%, 10%, 25%, 50% or 75%, or when an investor becomes the single largest shareholder. Also Read: Auto components player Kay Jay Forgings, power infra EPC Polite Powertech get Sebi nod for IPOs The regulator has also extended the approval requirement to transfers within promoter groups and allowed insurers to refer cases where ownership structures appear designed to avoid the 5% approval threshold through indirect holdings. In another change, the regulator has clarified that dilution arising from existing shareholders not participating in a fresh issue of shares will also be treated as a transfer event, bringing such transactions under the approval framework. (What's moving Sensex and Nifty Track latest market news, stock tips, Budget 2025, Share Market on Budget 2025 and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .) Subscribe to ET Prime and read the Economic Times ePaper Online.and Sensex Today. Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price (What's moving Sensex and Nifty Track latest market news, stock tips, Budget 2025, Share Market on Budget 2025 and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .) Subscribe to ET Prime and read the Economic Times ePaper Online.and Sensex Today. Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price
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