The amalgamation scheme remains subject to various statutory and regulatory approvals, including from the NCLT and the respective shareholders of the companies involved, it said.In a separate filing, HDFC Life informed exchanges about the approval granted to the company by Pension Fund Regulatory and Development Authority (PFRDA) on the merger scheme shareholding changes.
Irdai opens NDB’s Maharajah INR bonds to insurers
In a circular dated August 27, the regulator said that it had received representation from New Development Bank to permit Insurers to invest in Maharajah