New India Assurance, one of the country’s biggest general insurers, is likely to file for its initial public offering (IPO) in the next six to eight months.
In mid-January, the cabinet committee on economic affairs (CCEA) had approved listing of the five state-owned general insurance companies and reducing the government’s stake in them from 100% to 75%.
G Srinivasan, chairman and MD of New India Assurance, said: “I…