New India Assurance $1.5b IPO to open on November 1

New India Assurance $1.5b IPO to open on November 1

A man looks up at an electronic ticker board that indicates stock figures at the Bombay Stock Exchange (BSE) in Mumbai, India, on Friday, Jan. 27, 2017. Photographer: Dhiraj Singh/Bloomberg

India’s state-run New India Assurance Co. Ltd has set a price band of Rs770-800 a share for its initial public offering (IPO) opening on 1 November, people familiar with the deal told Reuters on Tuesday.

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