Irdai shelves mandatory listing plans

The Insurance Regulatory and Development Authority of India
(Irdai) has rolled back on plans to force insurance companies to
list their shares on the stock market.
An Irdai white paper, released in August, had proposed that
general insurers in the country be forced to list after eight years
of operation, while life companies would be required to go public
after 10 years.
Irdai chairman T S Vijayan told Business Standard that
the watchdog had received a number of comments on...