MUMBAI: many life assurance corporations square measure courtship non-public equity investors to spice up their capital prior potential IPOs, that became a lot of possible once a replacement law permitting higher foreign possession in an exceedingly sector that last year was price $50 billion.
The law, approved last week, lets insurers together with Britain's prudent PLC, commonplace Life and Canada's Sun Life monetary raise holdings in Indian joint ventures to the maximum amount as forty nine p.c from twenty six p.c, a amendment that produces a public off ..
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