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View Full Version : GIC Re files DRHP for IPO, likely to raise over USD 1 billion



IndiaInsurance
8th August 2017, 11:27 AM
General Insurance Corporation of India (GIC) on Monday filed the draft red herring prospectus (DRHP) for its initial public offering (IPO), which bankers have said could raise more than USD 1 billion, as part of the governments plans to list five non-life insurers in which it holds stakes.

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