For Quick Alerts
ALLOW NOTIFICATIONS  
For Daily Alerts

General Insurance Shares To List On Bourses Tomorrow

General Insurance Corporation of India will make stock market debut tomorrow.

|

State-owned General Insurance Corporation of India will make stock market debut tomorrow after having concluded the Rs 11,370-crore initial public offer (IPO).

 

GIC Re's IPO was oversubscribed 1.38 times during October 11-13. The reinsurance company had fixed the price band at Rs 855-912 for its IPO.

 
General Insurance Shares To List On Bourses Tomorrow

The company proposes to utilize the proceeds towards augmenting the capital base to support business growth and maintain current solvency levels as also for general corporate purposes. New India Assurance Rs 10,000 crore IPO: Things To Know

Axis Capital, Citigroup, Deutsche India, HSBC Securities and Kotak Mahindra Capital were the book running lead managers to the offer. The shares of General Insurance Corporation of India are proposed to be listed on NSE and BSE.

Goodreturns.in

Read more about: gic stock market
Story first published: Tuesday, October 24, 2017, 14:53 [IST]
Company Search
Get Instant News Updates
Enable
x
Notification Settings X
Time Settings
Done
Clear Notification X
Do you want to clear all the notifications from your inbox?
Settings X