Indian regulator issues guidelines for general insurance IPOs
General insurance companies planning to tap the capital market for funds must have been in business for at least 10 years and will have to seek prior approval from the regulator, India's Insurance Regulatory and Development Authority said in draft guidelines published this week.
The guidelines quoted in The Times of India specify that "no general insurance company shall approach the Securities and Exchange Board of India for public issue of shares and for any subsequent issue
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