Dear Shareholder,
Please note that as per Press Note 2 (2021 Series) of the FDI Policy, the aggregate holding by way of foreign investment in the equity shares of an Indian insurance company by foreign investors, including portfolio investors, shall not exceed 74% of the paid-up equity capital of the company, subject to the terms set out in Press Note 2 of 2021. At present, the limit of foreign shareholding in the Company as per the FDI policy has been exhausted and accordingly, no investor shall be permitted to transfer their shares to a foreign shareholder, until further notified. Please note that any transfer of equity shares to a foreign investor shall be in breach of the FDI policy.

We request you to adhere to the same until further notified.