Sensex extends gains, Nifty above 9900; HDFC, ICICI Bank lead

Sources told CNBC-TV18 that insurance regulator IRDA’s board will meet today to discuss IPOs filed by general & life insurance companies.

It will discuss IPO proposals of HDFC Life, SBI Life, New India Assurance and ICICI Lombard. It will decide further requirements of companies before granting nod for IPO.

The insurance regulator will consider Reliance Capital proposal of a separate health insurance arm, today and is likely to grant R1/first level nod to health insurance arm, sources said.

Two life and 3 non-life insurance companies have announced their listing plans.

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Posted in: Indian Market Tips