Cholamandalam MS General Insurance likely to go public in 5 years, says MD

Cholamandalam MS General Insurance, a joint venture between the Murugappa Group and Mitsui Sumitomo Insurance Group, is likely to list on the bourses via an initial public offering (IPO) within next five years, V Suryanarayanan, Managing Director (MD) of the firm said.

- BS REPORTER

The Insurance Regulatory and Development Authority of India (Irdai) has been nudging insurance companies of a particular size and age to list themselves on the bourses to ensure better transparency and value for the investors and policyholders.