The New India Assurance IPO will close on 3 November. New Delhi: India’s state-run New India Assurance Co. Ltd has set a price band of Rs770-800 a share for its initial public offering (IPO) opening on 1 November, people familiar with the deal told Reuters on Tuesday. At the upper end of the price range, the IPO would raise Rs9,600. The sale will close on 3 November, said the sources, declining to be identified as the details are not public. The company had appointed Kotak, Axis Bank, Nomura, IDFC and Yes Bank for the IPO.

Source: Mint October 24, 2017 08:26 UTC