FinMin to issue Cabinet note on listing of PSU insurers

NEW DELHI: The finance ministry will soon issue a draft Cabinet note on listing of public sector general insurance companies in line with the announcement made in

NEW DELHI: The 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 (public sector undertaking) general insurance companies will be issues in the next few weeks,” sources said. 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. “... (proposed to) undertaking important banking sector reform and public listing of public sector general insurance and undertaking significant changes in FDI policy,” he had said while unveiling Budget.

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