Markets regulator Sebi today came out with norms for listed insurance companies in disclosing their quarterly results, less than a month after the first-ever listing of an insurer.
The decision was taken in consultation with Insurance Regulatory and Development Authority of India (IRDAI).
ICICI Prudential Life Insurance made its stock market debut on September 29. Becoming the first insurer to list on the Indian bourses. The company raised over Rs 6,000 crore through its initial public offering.
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With respect to the format for newspaper publishing purpose (standalone/consolidated), the insurance companies would follow the format specified by Sebi. Besides, additional disclosures should be made as prescribed by IRDAI.
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