Merger of three general insurance firms in India

Sushubh

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Govt to merge 3 general insurance companies, list subsequently

As part of divestment of public sector entities, Finance Minister Arun Jaitley on Thursday said the government would merge three general insurance firms into one and subsequently list the entity on stock exchanges.
“Three public sector general insurance companies--National Insurance Co Ltd, United India Assurance Co Ltd and Oriental India Insurance Company- will be merged into a single insurance company and be subsequently listed,” he said while presenting the Budget 2018-19 in Parliament.