New Delhi: Finance Ministry will soon issue a draft Cabinet note on listing of public sector general insurance companies in line with the announcement made in the Budget. “Cabinet note for consultation on listing of four PSU general insurance companies will be issues in the next few weeks,” sources told PTI.
Final shape is being given to various issues including quantum of stake dilution, sources added. Listing of PSU general insurance was announced in Budget 2016-17 by Finance Minister Arun Jaitley. There are four public sector general insurance companies — New India Assurance Company Ltd, National Insurance Company Ltd, Oriental Insurance Co Ltd, United India Insurance Co Ltd.