Insurance PSUs

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LIC board approves IPO issue size to be cut to 3.5% from 5%

The government will sell 3.5% equity for Rs 21,000 crore valuing India's largest insurer at Rs 6 trillion.

Updated On: 23 Apr 2022 | 8:40 PM IST

Finmin asks PSU general insurers to cut flab, prune branch numbers: Sources

The finance ministry asked public sector general insurance firms, especially National Insurance, Oriental Insurance and United India Insurance, to rationalise branches and cut down avoidable expenses

Updated On: 29 Nov 2020 | 2:15 PM IST

Finance Ministry might finalise listing plan for PSU insurers in 2 months

Once finalised in two months, the ministry will seek the Cabinet nod for stake dilution

Updated On: 09 Oct 2016 | 12:25 PM IST