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GIC Re to be listed on NSE today

The insurance and reinsurance industry is the latest to join the palette of choice for equity investors in recent times

GIC Re IPO
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An aircraft flies over a billboard of General Insurance Corporation of India in Mumbai. Photo: Reuters

Press Trust of India
The country's national reinsurer, GIC Re, will be listed on the National Stock Exchange (NSE) today.

GIC Re's IPO, which was open from October 11 to 13, was subscribed 1.37 times.

The IPO received bids for 17,06,99,808 shares against the total issue size of 12,47,00,000 shares, data available with the NSE showed.

GIC Re is all set to emerge among the top 10 global reinsurers and figure among the 40 largest global corporates, both in terms of market capitalisation.

From its current ranking of 12 largest global reinsurer, the company is set to grow to the

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