Capital requirement for smaller insurance players will be taken care of: Ashvin Parekh

Sources suggest that the Insurance Regulatory and Development Authority (IRDA) have approved private equity (PE) investors to hold over 10 percent in insurance companies.

Is this something that they will want to do and is this going to be positive for smaller insurance companies? Yes, it is, said Ashvin Parekh, Managing Partner of Ashvin Parekh Advisory Services in an interview to CNBC-TV18.

He further said that capital requirement for smaller insurance players will be taken care of.

According to him, PEs will certainly be interested in insurance companies.