The Insurance Regulatory and Development Authority (IRDAI) allows insurers to be part of ICA to ensure that the insurers are part of the debt resolution process of a troubled firm.
New India Assurance Company Ltd ended at Rs104.10 down by Rs2.25 or 2.12% from its previous closing of Rs106.35 on the BSE.
The scrip opened at Rs106.45 and touched a high and low of Rs108 and Rs102.50 respectively. A total of 28,942 (NSE+BSE) shares were traded on the counter.
The current market cap of the company is Rs17,081.52cr.