GIC Re to IPO this week
Indian state-owned reinsurer GIC Re is to open its initial public offering for 14.2% of the company this week.
GIC Re is expecting to raise 113.7bn rupees (£1.3bn) for 124.7 million shares.
The IPO will open on 11 October and close on 13 October.
The Mumbai-headquartered reinsurer dominates the Indian life
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