Govt approves IPO of ECGC and capital infusion of Rs 4,400 crore to ECGC

The government will launch the initial public offering (IPO) of ECGC in FY23 to “unlock its true value” and infuse capital of Rs 4,400 crore into the company, which has an 85% share in the country’s export credit insurance market, over the next five years. The government has also approved the Initial Public Offer (IPO) on the Stock Exchange of ECGC Ltd. ECGC was set up with the objective of improving the competitiveness of the exports by providing Credit Risk Insurance and related services for exports.