IRDAI fines Care Health Insurance Rs 1 cr, asks to cancel ESOPs issued to Rashmi Saluja
The insurance regulator, in its order dated July 23, stated that the options were granted against its directions and guidelines.
Care Health Insurance (CHIL) has been asked to buyback shares it sold to Rashmi Saluja, cancel the employee stock options that have not been exercised and pay a fine of Rs 1 crore by the Insurance Regulatory and Development Authority of India (IRDAI).
