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National Insurance

Cabinet clears public listing of five insurers

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“The insurance companies in the private sector and the public sector have been in the business for a while now and it is time that not only the incumbent shareholders get the opportunity to liquidate a portion of their shareholding at a profit and make up for the loss of dividends in its initial years of existence but also give the opportunity to the companies by infusing more capital into it so that they continue to maintain their capital adequacies and also have more funds available at a very low cost to meet their future expansion plans,”.

Khushroo Panthaky
Director, Grant Thornton Advisory Pvt. Ltd.

This article appeared in Live Mint on 19th January, 2017.