IRDAI tightens ownership norms, eases capital infusion

Synopsis IRDAI has tightened oversight on insurer ownership changes and eased capital raising. Investors now need prior approval for shareholding changes exceeding five percent. The regulator also extended approval requirements to promoter group transfers. Dilution from existing shareholders not participating is now a transfer event. These amendments were announced late Friday by the authority. Mumbai IRDAI has tightened oversight of ownership changes in insurers while easing group restructuring and capital raising, as part of the latest amendments announced late Friday. The biggest change relates to the transfer of shares. Unlike the 2024 framework, which required approval only for specified transfer…