State-owned General Insurance Corp. of India Ltd (GIC Re) on Wednesday said it will launch its Rs11,372 crore ($1.7 billion) initial public offering (IPO) on 11 October. It is the largest IPO in India in seven years.
The insurance company has set a price band of Rs855-912 per share for the IPO, which values it at Rs75,000-80,000 crore. The offer will close on 13 October.
