News From Press New India Assurance Rs 9,600 cr IPO opens Nov 1, price band: Rs 770-800

New India Assurance Rs 9,600 cr IPO opens Nov 1, price band: Rs 770-800

Source: Business Standard Oct 25, 2017

India's state-run New India Assurance Co Ltd has set a price band of Rs 770 to Rs 800 a share for its initial public offering (IPO) opening on November 1, sources with direct knowledge of the deal told Reuters on Tuesday.

At the upper end of the price range, the IPO would raise Rs 9,600 crore ($1.48 billion).

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