India plans to merge and list public insurance trio

Jonathan Breen

February 01, 2018 12:00 pm

Arun Jaitley_India finance minister_230x150 — NEW DELHI, INDIA - FEBRUARY 1: Union finance minister Arun Jaitley and his team leaving from Finance Ministry to present General Budget 2017 on February 1, 2017 in New Delhi, India. In the Union Budget 2017, the government has barred cash transactions above Rs 3 lakh and slashed Income Tax rates. Key focus areas of budget are stronger financial institutions, transparency, accountability, infrastructure, farming sector, rural population, youth and affordable housing. (Photo by Ajay Aggarwal/Hindustan Times ) *** Please Use Credit from Credit Field *** | Hindustan Times/SIPA USA/PA Images

The Indian government plans to merge three public sector general insurance companies into a single entity and float it on the stock exchange, finance minister Arun Jaitley said during the annual Union Budget on Thursday.

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Equity IPOs Equity India Asia South Asia Asia Pacific Emerging Markets

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Jonathan Breen

Equities editor GlobalCapital Asia