Bidders in the new auction will have to increase their offers by a minimum of Rs500 crore in the first round and Rs250 crore in the second round.
InsuranceDekho has allotted 1,49,16,506 equity shares to investors.
R&D segment is expected to receive an investment of Rs800 crore.
Jagad was previously a member of the Nykaa leadership team.
Today, the CoC and its advisors will review and compare the plans received for Reliance Capital.
So far, the startup has secured Rs225 crore funding.
The announcement was made by Deputy Chief Minister Devendra Fadnavis in the Legislative Council in Nagpur.
The proposed regulations would include provisions to ensure eligibility criteria, compliance, disclosures, etc.
The counter managed to touch an intraday high of Rs372.40 in today’s trade.
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