InGovern's Impact on Religare Regulatory Probe

Regulatory Breach Focus: InGovern highlighted the issuance of stock options to Rashmi Saluja despite IRDAI's disapproval, intensifying the regulatory probe.

Governance Concerns: Raised issues about the lack of shareholder approval for stock options, questioning Religare's corporate governance.

Transparency Issues: Pointed out inadequate disclosures in Religare's annual reports, leading to increased regulatory scrutiny.

Conflict of Interest: Highlighted concerns over conflicts of interest and excessive remuneration granted to Rashmi Saluja.

Full Article Link: https://economictimes.indiatimes.com/industry/banking/finance/insure/irdai-puts-care-health-insurance-on-notice-over-esops-to-saluja/articleshow/111669614.cms?from=mdr