General Insurance Corporation Of India Ipo
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14592 (approx) gic ipo size:
General insurance corporation of india ipo. Pursuant to regulation 47(3) of the sebi listing regulations, please find enclosed herewith. The ipo will open on october 11 and close on 13. General insurance corporation of india, the stateowned reinsurance company, has moved a step closer to an initial public offering.it has selected hsbc, citibank, deutsche bank, kotak and axis as merchant bankers for the planned issue and cyril amarchand mangaldas as its legal consultant.
General insurance corporation of india limited: General insurance corporation of india since 1972 inviting suggestions for systemic improvements in government organizations from citizens central vigilance commission, at the outset of vigilance awareness week, has launched a new initiative for citizens to suggest systemic improvements in central government organisations. Gic was established on 22nd november 1972 under the companies act, 1956 and was.
And general insurance corporation of india ipo subscription figures are expected to be good enough. The company will introduce its ipo soon to get listed at both of the exchanges i.e. General insurance corporation of india (gic re) ipo bidding is going to start from october 11, 2017.
Initial public offer of 124,700,000 equity shares of face value of rs. It also captures the holding period returns and annual returns. General insurance corporation of india ipo allotment status.
It was incorporated on 22 november 1972. General insurance corporation of india was established in 1972. General insurance corporation of india provides reinsurance and underwriting services.the company provides reinsurance across many business.
855 to 912 per share. Book running lead managers of gic; “we have appointed five bankers for the issue where citibank is our lead manager,” said alice.
