GIC Re, Initial Public Offering

The Indian reinsurer GIC Re is preparing its IPO.
The transaction, which will start on October 11, 2017, will allow the company to raise 113.7 billion INR (1.7 billion USD) on the financial market. The unit value of the share will be between 855 and 912 INR (13 and 14 USD).

The financial resources generated by this operation will enable the reinsurer to expand its presence internationally.

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