M Pallonji Group, True North’s Sehgal Seek IRDAI Nod for General Insurance Venture

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M Pallonji Group, alongside Divya Sehgal of True North, seeks IRDAI approval to establish a general insurance company with a 51% majority stake. If approved, Federal Bank and family offices will invest. The venture aims for ₹200 crore initial investment. Aditya Sharma from Bajaj Allianz General Insurance is appointed as CEO.

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M Pallonji Group, True North’s Sehgal Seek IRDAI Nod for General Insurance Venture

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