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Mega merger of PSU general insurers stuck in its initial step
By IndianMandarins- 23 May 2018
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The mega merger between the three state-owned general insurance companies National Insurance, United India and Oriental Insurance has got stuck in its initial step.
Three months have passed since the merger of the three state-owned general insurance companies was announced in the Union Budget. The three companies have been unable to reach a consensus on the appointment of a consultant.
There have been differences on the way the companies will be valued and who will get a better deal in the merger. The consultant will be accountable for the pricing and the valuation of the merger.
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Mega merger of PSU general insurers stuck in its initial step
By IndianMandarins - 2018-05-23 14:58:56
The mega merger between the three state-owned general insurance companies National Insurance, United India and Oriental Insurance has got stuck in its initial step.
Three months have passed since the merger of the three state-owned general insurance companies was announced in the Union Budget. The three companies have been unable to reach a consensus on the appointment of a consultant.
There have been differences on the way the companies will be valued and who will get a better deal in the merger. The consultant will be accountable for the pricing and the valuation of the merger.
