GIC Re slips in BSE trading debut

India's GIC Re's shares sank in their first day of
trading on the Bombay Stock Exchange (BSE), falling 4.5 percent in
Mumbai.
The shares opened at 850 rupees ($13.10), down 6.8 percent from
the 912 rupee IPO price, and fell as much as 13.6 percent before
reversing to close at 870.40 rupees today on the BSE for a loss of
4.5 percent.
But the close was just above the discounted share price of 867
rupees offered to retail investors and...