News From Press New India Assurance looking for merchant bankers to manage IPO

New India Assurance looking for merchant bankers to manage IPO

Source: Business Standard Mar 28, 2017

State-run insurer New India Assurance Company is looking for merchant bankers to manage its disinvestment through an initial public offering (IPO).

Within a week of PSU reinsurer General Insurance Corporation (GIC Re) floating an RFP for merchant bankers, the New India Assurance (NIA) has asked bankers to submit their bids by April 19.

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