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Cabinet Approves Reduction Of Government Stake In Five General Insurance Firms To 75 Per Cent
Briefing on Cabinet and CCEA decisions by Union Ministers Arun Jaitley and Ravi Shankar Prasad (PIB India/Twitter)
In a major decision on divesting stake in state-run general insurance companies, the cabinet today (18 January) approved the public listing of five firms. The government's shareholding in them as a result would fall to 75 per cent.
Finance minister Arun Jaitley told reporters after a cabinet meeting,
Announcing this Cabinet decision on Twitter, Principal Spokesperson of the Government of India Frank Noronha tweeted saying,
With inputs from IANS
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