GIC Re prices Indian IPO set for next week

Indian government-owned General Insurance Corporation of India,
known as GIC Re, has priced its initial public share offering to
raise as much as 113.7bn rupees ($1.768bn).
The Mumbai-based reinsurer set the offer's price band per
share at 855 to 912 rupees and said subscriptions for the IPO will
open on 18 October and close three days later.
The deal will sell off 124.7 million shares, including 107.5
million held by the government and 17.2 million new shares issued
by the...