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In October 2017, India's 3rd biggest Initial Public Offering (IPO) worth ________ was launched by GIC Re.

  1. A
    Rs 10,500 crore
  2. B
    Rs 11,370 crore
  3. C
    Rs 13,900 crore
  4. D
    Rs 17,000 crore

Solution & Step-by-step Explanation

The state-owned General Insurance Corporation of India (GIC Re) launched its Initial Public Offering (IPO) in October 2017 with a total issue size valued at approximately Rs 11,370 crore, making it one of the largest IPOs at that time.

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In October 2017, India's 3rd biggest Initial Public Offering (IPO) worth ________ was launched by GIC Re.
A
Rs 10,500 crore
B
Rs 11,370 crore
C
Rs 13,900 crore
D
Rs 17,000 crore

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EconomyCurrent Affairs 2017Financial Markets

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