News Non-Life06 Nov 2018

India:Govt shelves merger of 3 public sector insurers

06 Nov 2018

The central government has shelved a plan to merge three public sector general insurance companies-National Insurance Company, Oriental Insurance Company and United India Insurance -- but may soon sell a stake of about 10% each in the two listed companies, GIC Re and New India Assurance, in the January-March 2019 quarter.

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