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As stipulated by IRDA through its circular dated 30th Oct 13, Insurer shall select from National Stock Exchange (NSE) AND Bombay Stock Exchange (BSE) as Primary and Secondary Exchanges and valuation of equity shares shall be made on closing price of the Primary Exchange selected. If such security is not listed /not traded on the Primary Exchange , Insurer shall use the closing price of Secondary Exchange.
IndusInd Nippon Life Insurance Company Limited (Formerly Reliance Nippon Life Insurance Company Limited) has selected National Stock Exchange (NSE) and Bombay Stock Exchange (BSE) as Primary and Secondary Exchanges respectively. Effective 28th November, 2013, the valuation of equity shares shall be made on closing price of the Primary Exchange selected. If such security is not listed /not traded on the Primary Exchange , the Company shall use the closing price of Secondary Exchange.
