Tuesday, 31 October 2017
After New India issue, govt holding would come down to 85.5%, says CMD
Talking to ET Now, G Srinivasan , CMD, The New India Assurance Company , says 80% of the proceeds of the issue would go to the government, only 20% would come to the company. The additional funds raised would be used by the company to maintain the solvency ratio.
You can read more here: After New India issue, govt holding would come down to 85.5%, says CMD
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