The issue, which will close on August 8, is entirely an offer-for-sale, where the existing shareholder Helix Investments Holdings will sell up to 20.92 million equity shares, the company said.
Governor Malhotra praised US Fed Chair Jerome Powell’s efforts to uphold the central bank’s independence amidst political pressure. Malhotra highlighted Powell’s commitment to this principle,
“We have been witnessing record activity among brokers and other distribution intermediaries,” said Satyajit Tripathy, member (distribution), IRDAI, at an Insurance Brokers Association of India
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