Shilpy Sinha · Business · 2026-09-07
NSE IPO set to deliver massive gains to state-run insurance firms
NSE IPO set to deliver massive gains to state-run insurance firms. General Insurance Corporation of India will lead the pack, followed by New India Assurance, National Insurance, United India and Oriental Insurance. The five insurers' combined stake - totalling 165 million shares - will fall from about 6.7% to 5.1%. The IPO could boost second quarter profits for the five insurers.
Why it matters. Why it matters: NSE IPO set to deliver massive gains to state-run insurance firms.
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