'IPO guidelines for life insurers to be out by June-end'
Tuesday, 07 June 2011, 17:37 IST
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'IPO guidelines for life insurers to be out by June-end'
Bangalore: Insurance sector regulator Irda said guidelines to allow life insurance companies to raise funds from the capital market will be out by this month-end. "The exposure draft (on IPO guideline) has been released. We are waiting for the comments of various stakeholders including public. I expect the comments should be in another week's time," Insurance Regulatory and Development Authority of India (Irda) Chairman J Harinarayan told reporters here. The final guideline will certainly be out before the end of June, he said. Sebi had in October last year given the go-ahead to insurance companies for coming out with IPOs. Under the current regulation, insurance companies can get listed on the bourses after they finish 10 years of operation.
Source: PTI
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