SENSEX 76,670.27
+ 405.94
NIFTY 23,952.70
+ 98.80
CRUDEOIL 7,625.00
Shares of General Insurance Corporation of India (GIC Re) fell over 6 per cent in early trade on Tuesday after the government’s offer for sale (OFS) to divest up to a 5 per cent stake in the state-owned reinsurer opened for investors.
SENSEX 76,670.27
+ 405.94
NIFTY 23,952.70
+ 98.80
CRUDEOIL 7,625.00

GIC shares decline 6% as Rs 3,088 crore OFS opens at 9% discount

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The government is set to divest up to a 5% stake in General Insurance Corporation of India (GIC) through an offer for sale,…

The government will sell up to a 5% stake in General Insurance Corporation of India (GIC) through an offer for sale (OFS) at a…

Government to sell up to 5% stake in General Insurance Corporation at a discounted floor price starting June 16.

The Indian government plans to sell a 5% stake in General Insurance Corporation through an OFS starting June 16.

The Indian government plans to sell a 5% stake in General Insurance Corporation through an OFS starting June 16.

Coal India shares drop over 6% as government plans 2% stake sale through an offer-for-sale (OFS) announcement.