Business Standard

New India Assurance eyes IPO by October

It expects the final government go-ahead for it anytime now

New India Assurance eyes IPO by October
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IPO

Press Trust of India
The largest non-life insurer New India Assurance hopes to launch its initial share sale by October. as it expects the final government go-ahead for it anytime now, a senior company official said on Wednesday. New India and GIC Re are the two government-run non- life insurer and the reinsurer, respectively, which are likely to hit the markets first with IPOs.

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