India’s GIC Re Shares Drop on Market Debut After Raising $1.7B in IPO

State-run General Insurance Corp. of India (GIC Re) slumped as much as 14.5 percent on market debut on Wednesday after raising 111.76 billion rupees ($1.72 billion) in the country’s biggest initial public offering in seven years. Concerns about valuations have …
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India’s GIC Re Shares Drop on Market Debut After Raising $1.7B in IPO was originally posted by ClaimsMate.com Insurance Information Resources