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GIC Re News
Insurance cos to focus on IPOs, consolidation in 2018
Sat, Dec 30, 2017
Besides the spate of IPOs, 2018 will also witness some consolidation in the insurance space although the merger of Max Life and Max Financial Services with HDFC Standard Life Insurance could not go through.
General Insurance Corp's Rs 11,000 crore IPO gets oversubscribe by 1.36 times on Day 3; QIBs bid most
Fri, Oct 13, 2017
Issue consists of an offer for sale (OFS) of 10.75 crore equity shares worth Rs 9,804 crore at higher price band and a fresh issue of 1.72 crore equity shares worth Rs 1,569 crore.
GIC Re files DRHP for public listing with Sebi
Tue, Aug 08, 2017
It forms part of the government's plans to list four state-owned non-life insurers and the national reinsurer. New India Assurance has already started the process for its forthcoming IPO, whereas National Insurance Company has hinted that it will come up with its IPO by the fiscal-end.