India to update Initial public offering rules for safety net providers

India's controller, the Insurance Administrative and Advancement Power (IRDAI), has said that it will soon issue changed first sale of stock rules for back up plans.

IRDAI director TS Vijayan said the controller has been chipping away at some progressions to the current standards for Initial public offerings, and IRDAI is relied upon to turn out with these new standards in a month or somewhere in the vicinity.

Vijayan, in any case, did not uncover further insights about the new rules as he focused on that IRDAI is as yet chipping away at some progressions.

He likewise reported that aggregate remote interest in India's insurance part achieved Rs150 billion (US$2.2 billion) in the most recent year because of the expansion of the outside direct venture limit.

A year ago, India passed the alterations to its Insurance Laws Charge a year ago, raising the remote venture top in the part from 26% to 49%.