Current CEO and principal officer, Sandeep Dadia, head of corporate business Irfan Shirwani, and head of reinsurance, Mukul Bhatia, are among those that have quit since the change in ownership. Other senior executives of the existing team, Ajay Prabhu, Punit Pancholi and Dhananjay Acharya, have also quit, three sources said.
The Insurance Regulatory and Development Authority of India (Irdai) has increased scrutiny on the ultimate beneficiaries in share transfers within the insurance broking sector, leading to extended approval timelines. The regulator is examining general partners (GPs), alternative investment funds (AIFs), and venture capital/private equity funds associated with these transfers.
Monday saw the week opening with a boom as both NSE and BSE closed on green. However experts say that volatility in the Indian market may continue , , stock market today, share market today, stock prices today, share prices today, national stock exchange, nse nifty, NSE Trading, bombay stock exchange, bse sensex, bse nse, daily update, morning update