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India poised for IPO record as insurers rush to ride rally

At least 4 insurers aiming to price stock offerings in 2017; this year's fund raising could surpass record of 363b rupees

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Firms are seeking to take advantage of a surging Indian equity market where there is a dearth of insurance stocks for investors looking to diversify their holdings in the financial industry.

Mumbai

INDIAN initial public offerings are headed for a record year, as a rush of insurers seek to ride a rally in the local market and tap increasing investor demand for financial assets.

At least four Indian insurers are aiming to price stock offerings by the end of 2017,

sentifi.com

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