LIC makes Rs8,000 crore bid in GIC Re IPO

LIC’s substantial bid of Rs8,000 crore worth of shares is the reason why the GIC Re IPO was substantially subscribed on the first day itself

Swaraj Singh Dhanjal, Anirudh Laskar
Updated12 Oct 2017, 04:17 AM IST
LIC’s bid in the GIC Re IPO comes at a time when the reinsurance firm is looking to raise Rs11,372 crore at the upper end of the price band of Rs855-912 per share. Photo: Hemant Mishra/Mint
LIC’s bid in the GIC Re IPO comes at a time when the reinsurance firm is looking to raise Rs11,372 crore at the upper end of the price band of Rs855-912 per share. Photo: Hemant Mishra/Mint(Hemant Mishra/Mint)

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