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Which is the largest IPO (Initial Public Offering) in Indian primary market?
  • a)
    Reliance Power
  • b)
    Coal India
  • c)
    General Insurance Corporation
  • d)
    State bank of India
  • e)
    ONGC
Correct answer is option 'B'. Can you explain this answer?
Verified Answer
Which is the largest IPO (Initial Public Offering) in Indian primary m...
Answer 2. Coal India
Explanation: India’s biggest reinsurer, General Insurance Corp of India (GIC Re)’s Rs. 11,370 crore Initial Public Offer (IPO) opened for subscription on October 11, 2017. GIC Re’s Rs. 11370 crore IPO is Indian primary market’s third largest IPO after Coal India (Rs.15,200 crore in 2010) and Reliance Power (Rs. 11,600 crore in 2008). Following this IPO, government’s stake in GIC Re will fall by 14.22% and will fetch Rs. 9,800 which shall help in meeting its disinvestment target.
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Which is the largest IPO (Initial Public Offering) in Indian primary market?a)Reliance Powerb)Coal Indiac)General Insurance Corporationd)State bank of Indiae)ONGCCorrect answer is option 'B'. Can you explain this answer?
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