Monday, February 25, 2019

Will merger of Ins companies happen before March 2019?

Government had announced the merger of three public sector general insurance firms - National Insurance Company, United India Insurance Company and Oriental India Insurance Company. The move was billed as the biggest ever merger in the insurance sector with the new entity having a valuation exceeding Rs 1 lakh crore. It intended to complete the exercise in FY19 itself. Will it happen this fiscal or pushed over to next fiscal.

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