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. Read more here: After New India issue, govt holding would come down to 85.5%, says CMD
Read More Here: After New India issue, govt holding would come down to 85.5%, says CMD