News Non-Life20 Aug 2021

India:Strategic sale of shares in state-owned general insurers deemed vital

20 Aug 2021

The recent amendment to the General Insurance Business (Nationalisation) Act, 1972, that allows the central government to hold a stake of less than 51% in state-owned insurance companies, is seen as necessary to keep the three unlisted public sector general insurers afloat and prevent a crisis in the sector.

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