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Nov 2017 GIC Re, detained at 100% by the Indian State, finalized its initial public offering (IPO) on October 13, 2017, a move that made it possible to raise 98 billion INR (1.5 billion USD) on the financial market.
The Indian State is intent on raising an additional 725 billion INR (11.1 billion USD) by March 2018 through the assignment of its shares in some national insurance institutions.
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