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India's state-run GIC Re sets price range for up to $1.7 bln IPO
October 4, 2017 / 1:35 AM / 19 days ago

India's state-run GIC Re sets price range for up to $1.7 bln IPO

MUMBAI, Oct 4 (Reuters) - State-run reinsurer General Insurance Corp of India (GIC Re) has set a price range of 855-912 rupees a share for its initial public offering that will run Oct 11-13, according to a public notice on Wednesday.

At the upper end of the price range, the IPO would raise 113.7 billion rupees ($1.7 billion). ($1 = 65.4800 Indian rupees) (Reporting by Devidutta Tripathy; Editing by Edwina Gibbs)

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