IRDAI

IRDAI: IRDAI probes Care Health’s stock option issue to Saluja

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IRDAI: IRDAI probes Care Health’s stock option issue to Saluja

Mumbai: The Insurance Regulatory and Development Authority of India (IRDAI) is investigating the issuance of stock options in Care Health Insurance to Rashmi Saluja, the firm’s non-executive chairperson. Saluja is the executive chairperson of Religare Enterprises (REL), which owns Care Health. IRDAI revealed that a probe into stock option allotment to Saluja is on in … Read more

Reliance Capital: IIHL seeks RBI approval to pledge 100% of RCap’s shares

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Reliance Capital: IIHL seeks RBI approval to pledge 100% of RCap’s shares

Mumbai: Hinduja Group-linked IIHL BFSI (India) has sought the banking regulator’s approval to pledge 100% shares of Anil Ambani-promoted Reliance Capital, the company it acquired in a bankruptcy resolution, to raise ₹8,000 crore, people with knowledge of the matter told ET. IndusInd International Holdings (IIHL), a holding company of IIHL BFSI (India), received the NCLT … Read more