Clarification on classification of shares issued by virtue of demerger to Insurance Companies

IRDAI vide circular dated January 19, 2023 has issued Clarification on classification of shares issued by virtue of
demerger to Insurance Companies. Investment in equity shares and preference shares in Resulting Investee Company(s) after a demerger shall be classified as “Approved investment” or “Other Investment”, for initial two financial years as per IRDAI Investment Master Circular dated October 27, 2022.