NSE IPO can unlock Rs 12,000 crore for PSU insurers, boost solvency
Mumbai: The potential listing of National Stock Exchange of India is expected to significantly strengthen the solvency position of at least three state-run general insurers that together own about 75 million shares in the country's biggest bourse. The stakes of National Insurance Company, Oriental Insurance Company and United India Insurance Company, at NSE's conservative listing price of ₹1,500 a share, would translate into ₹11,500 crore-12,000 crore for the insurers - or about ₹4,500 crore eac...
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