Looking ahead, Oriental Insurance Company projects a profitable turnaround by 2026-27, facilitated by a planned stake dilution in the National Stock Exchange through an upcoming IPO. The company plans to offer close to 49.57 lakh shares in this process. Such a move is anticipated to enhance financial stability and liquidity, with subscriptions commencing on September 17, marking a key milestone for the insurer.
Read more at the source
Disclaimer: The content of this post is sourced from external sites and is for informational purposes only. All rights and credits belong to the original authors and publishers.