Govt to sell up to 5% stake in GIC at Rs 352 per share; OFS opens June 16
The government is set to divest up to 5% of its stake in General Insurance Corporation of India (GIC) via an offer for sale, opening for institutional investors on June 16. Priced at a floor of Rs 352 per share, this move could raise approximately Rs 3,000 crore. Retail investors can participate the following day.
The government is set to divest up to 5% of its stake in General Insurance Corporation of India (GIC) via an offer for sale, opening for institutional investors on June 16. Priced at a floor of Rs 352 per share, this move could raise approximately Rs 3,000 crore. Retail investors can participate the following day.
