Listed Insurance Co. Possible???
This query is : Resolved
CA. Tarun Navlani
(Querist)
04 February 2009
Hello All,
Have you ever heard of any insurance co. in India which is listed on any stock exchange?
If answer is no, can you explain whether it is on account of any legal provision or any other reason?
Have you ever heard of any insurance co. in India which is listed on any stock exchange?
If answer is no, can you explain whether it is on account of any legal provision or any other reason?
Rajesh Kumar
(Expert)
05 March 2009
They can be listed- no legal bar in listing. It is just that insurance business was state monopoly till very recently, and the private sector companies has not got themselves listed as they are not profit making and will not command good valuation in Stock Market.
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