Saturday, March 01, 2025 | 06:17 PM ISTहिंदी में पढें
Business Standard
Notification Icon
userprofile IconSearch

Insurance shares gain on hike in FDI limit to 74%; Bajaj Finserv surges 9%

The limit on FDI in Indian insurance companies will be lifted from 49 per cent to 74 per cent, a move aimed at attracting overseas players.

Insurance, digital
Premium

SI Reporter Mumbai
Shares of companies engaged in insurance business rallied by up to 9 per cent on the BSE on Monday after the government proposed to increase foreign direct investment in the sector to 74 per cent, a move aimed at attracting overseas players.

The limit on FDI in Indian insurance companies will be lifted from 49 per cent to 74 per cent, said Finance Minister Nirmala Sitharaman on Monday in her Budget speech for 2021-22, accepting a demand the industry had proposed for long.

The law presently says an Indian insurance company has to be "Indian-owned and controlled". This

What you get on BS Premium?

  • Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • Pick your 5 favourite companies, get a daily email with all news updates on them.
  • Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • Preferential invites to Business Standard events.
  • Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in