Initial public offering of the two state-owned general insurance companies is likely to yield over Rs 15,000 crore to the exchequer, said merchant banking sources.
Out of the five state-owned general insurance companies, New India Assurance (NIA) and GIC Re are gearing up to hit the capital market over the next few weeks.
The government had estimated to garner about Rs 11,000 crore by diluting its stake in insurance companies as part of disinvestment plans for the current.