MoneyWorks4Me

RattanIndia Enterprises’ arm gets in-principle clearance to act as Direct Insurance Broker

04 Oct 2022 Evaluate

RattanIndia Enterprises’ wholly owned subsidiary -- Neotec Insurance Brokers has received “in-principle clearance” for Certificate of Registration to act as a Direct Insurance Broker (Life & General) from the Insurance Regulatory and Development Authority of India (IRDAI). In-principle clearance is without limitation as to period of validity. However, Neotec is required to comply the requirements as stipulated while granting ‘in-principle clearance’ by IRDAI.

RattanIndia Enterprises is engaged in the business of Power generation, transmission and distribution of power and power advisory.

Peers
Company Name CMP
Bajaj Finserv 1846.00
TVS Holdings 12558.90
Cholamandalam Fin. 1473.15
Altius Telecom Infra 175.00
Kama Holdings 2234.30
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