IRDA issues draft listing norms

[IndiaInsurance]

Insurers need to either have embedded value (EV) twice the paid-up capital or a profitable track record of three years to tap the capital market. A draft guideline issued by the insurance regulator has said a company can reduce its stake only if it has reported net profit in at least three of the preceding five financial years, or its embedded value is at least twice its paid-up capital.

More... (http://economictimes.indiatimes.com/personal-finance/insurance/insurance-news/irda-issues-draft-listing-norms/articleshow/8856147.cms)