According to an executive aware of the developments, a new company will be set up towards this end, where general insurance companies through the GI Council will hold up to 46% stake. "No insurance firm will hold more than 6% stake while the developer company may be offered around 24% stake in the new firm," he said, adding that the process is on to identify all key stakeholders.from Banking/Finance-Industry-Economic Times https://ift.tt/RaZibN2
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