The Cabinet Committee on Economic Affairs chaired by the Hon'ble Prime Minister, Shri Narendra Modi has given approval for listing of M/s. Export Credit Guarantee CorporationLtd. (ECGC), an unlisted CPSE through the Initial Public Offer (IPO) on the Stock Exchange under the SEBI's (Issue of Capital and Disclosure Requirements) Regulations, 2018.

ECGC Limited is a wholly-owned CPSE of Government of India set up with the objective of improving the competitiveness of the exports by providing Credit Risk Insurance and related services for exports. The Company intends to increase its maximum liabilities (ML) to ₹ 2.03 lakh crore from ₹ 1.00 lakh crore by 2025-26.

The proposed listing of ECGC Limited would unlock the true value of the company, promote 'people's ownership' by encouraging public participation in the equity holding of the company and also promote Corporate Governance through transparency and greater accountability.

Listing may enable ECGC to mobilize fresh capital from the market either through the same IPO or subsequently through a Follow-on Public Offer (FPO) and thereby help in increasing the Maximum Liability cover for it.

The disinvestment proceeds will be used for financing of social sector schemes.

Public listing of state-owned export credit insurer via IPO to enable capital mobilisation and broaden public ownership. Approval was granted for listing the wholly-owned public sector export credit insurer through an Initial Public Offer, intended to promote public ownership, enhance corporate governance through market disclosure, and enable mobilisation of fresh capital via the IPO or a subsequent Follow-on Public Offer to support an intended increase in the company's maximum liability cover; disinvestment proceeds are to finance social sector schemes.